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
(1) (2) (3) (4)
Children Education Allowance
Whole of India
40[Rs. 100] per month per child up to a maximum of two children.