TDS on Salary, Income Tax

[CHITRA RAGURAM]

Children Education allowance is exemtpted upto rs. 100/- p.m per child upto 2 children and hostel allowance is exempted upto rs. 300/- p.m per child upto 2 children and also 80C alows tuition fee paid as a deduction. 

So we can exempt these allowances and also consider the actual fees paid u/s 80C for calculating the TDS amount on salary.

Am I right ????????????

Posts / Replies

[GOPALJI AGRAWAL]

There seems no such restriction.

[Venkatesh.p Venkatesh]

Yes, there is no such restriction