Children Education Allowance under section 10

 As per income tax rule no. 2BB, Exemption regarding Children  Education Allowance with extent Rs. 100/- per month per child upto maximum of two children can be availed by an employee on getting Children Education Allowance from his employer.
Details rule regarding Children Education Allowance are given as under :-

Sr.No.   Name of Allowance                                         Place at which        Extent to which 
                                                                                        Allowance is           Allowance is 
                                                                                        exempt                   exempt
 (1)            (2)                                                                         (3)                           (4)         

Children Education Allowance
Whole of India
40[Rs. 100] per month per child up to a maximum of two children.

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