Under the old tax regime for tax year 2026-27, the exemption for Children Education Allowance in India…
The exemption limit is ₹3,000 per child per month for a maximum of two children. Rule 280(2), table entry 7, of the Income-tax Rules, 2026 prescribes this limit, with the…
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Under the old tax regime for tax year 2026-27, the exemption for Children Education Allowance in India is limited to:
Answer and explanation
Correct answer C
The exemption limit is ₹3,000 per child per month for a maximum of two children. Rule 280(2), table entry 7, of the Income-tax Rules, 2026 prescribes this limit, with the exemption available under the old tax regime. The figure of ₹9,000 per child per month is the separate limit for hostel expenditure allowance, not for children education allowance.
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Gujarat SET (GSET)