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As per the current paybook system Children Education Allowance is fully exempted with respect to the employees who receive it. The Income Tax Act, 1961 states that the Children Education Allowance is exempt only to the tune of Rs.200/child per month if it is actually incurred. In this case the employee does not have any children and so it should be taxable. Automation is required here to give exempt based on children count.

Hi Team,

My children school fees is 50000.00 per year and i have also home loan so for Tax i need to declare.

Kindly let me know where i need to declare