Question

1 point
Education allowance is
exempted for .....
²
O A) One person
O B) Four persons
O C) Two persons
OD) None of these​

Answer 1

Answer:

Children Education Allowance: If you are receiving children education allowance from your employer then you are eligible to claim a tax exemption under the Income Tax Act. However, the maximum amount exempted is Rs. ... 1200 per annum for maximum of up to 2 children.