Dear Sir,
Good evening.
Can you pls. clarify the following.
As per Income Tax Rule (for FY:2011-12 & AY:2012-13), can an Individual eligible to get tax exemption of both Child Education Allowance and Child Hostel Allowance ? Under what conditions an employee is eligible to get tax exemption of both the allowances. Also under what circumstances an individual is eligible to get tax exemption of any one of the above allowances.
Appreciate your clarification on above queries at the earliest.
Regards Hussain