Respected Sir,
(Q.1) Tuition Fees
(Q.2) LIC
(Q.3) PPF
__________
Else please refer me the deduction allowed only to individual and not to HUF.
THANKS A LOT ADVANCE
Ref Q No (1) (A):- Tuition fees paid during & within FY 15-16 shall be eligible for deduction u/s 80c for FY 15-16 only.
Ref Q No (1) (B):- Tuition fees paid by own or bank is eligible for deduction u/s 80C, However Interest paid on education loan shall be eligible for deduction u/s 80E.
Ref Q No (1) (C): Sec 80C covers Individual & HUF hence it shall be cover individual & HUF
Ref Q no 2 on LIC : As 80C specifically states premium on lIC PAID is Deductible, Hence Payment made during fy against LIC premium is eligible of deduction u/s 80C whether due or not. It means if previous year due LIC premium paid in next fin year is eligible for complete deduction. subject to 1.5 lac limit
Certainly! Here's a clear explanation of each. Tuition fees depend on the course and institution; some may include study materials, while others charge separately. LIC typically refers to Life Insurance Corporation policies, which may be required for education loans or visa purposes, but are not directly tied to tuition. PF (Provident Fund) is generally applicable to salaried employees and not something students usually need to manage unless they’re employed. If you're preparing to study abroad, it’s also a great idea to take an IELTS speaking mock test. It helps build fluency and confidence, especially useful for visa interviews and university communication readiness.
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