In order to promote education, the government provides benefits to individual taxpayers in respect of certain expenses incurred by them for education. Let us discuss these tax benefits.
Tuition fee for children
You can claim deduction up to Rs 1.50 lakh every year for tuition fee paid for full-time education of your children in India. A taxpayer can claim this deduction only in respect of two children. In case you have more than two children, your earning spouse can separately claim deduction for other children. This tax benefit is available by way of deduction with other eligible items like provident fund contribution, Public Provident Fund, repayment of principal of home loan, life insurance premium, National Savings Certificate, Equity Linked Savings Scheme, etc. The educational institution has to be situated in India to be eligible for this benefit.
Since this benefit covers expenses for full-time education only, payments made to coaching classes are not eligible for this benefit. Parents can You can claim this benefit irrespective of whether your child is financially dependent on you or not.
This deduction is available for tuition fee only and any payment in the nature of donation or development fee paid to the educational institution is not eligible for this benefit. In case the fee for even one child exceeds the eligible amount of Rs 1.50 lakh in a year, the other spouse can claim the deduction in respect of the balance amount for the same child within the available limit of Rs 1.50 lakh.
Interest on education loan
In addition to tuition fee paid, you can also claim deduction under Section 80E for interest paid for education loan taken for higher education of some specified relatives. Higher education for this purpose means any educational course undertaken after completion of SSC. You can claim this benefit for education loan taken for yourself, your spouse, children, or a child for whom you are a legal guardian.
This deduction is available for eight consecutive years starting from the year in which you start paying interest. It is available on payment basis. So in case of payment of arrears of interest in a year, the benefit is available for full interest paid during the year, irrespective of the year to which the interest paid pertains.
There is no limit on the quantum of deduction available for interest. This benefit is available even for education loan taken for part-time course anywhere.
The education loan for availing this benefit has to be availed from a financial institution or an approved charitable institution in India. The financial institution includes bank or any other institution approved by the government. The charitable institution should likewise be recognised by the central government. So if you borrow from your friends or relatives for your education, you cannot claim this deduction for interest paid to them.
In addition to the above benefits available to all individual tax payers, whether salaried and self-employed, tax laws also allow exemption for certain allowances received by employees from their employer.
An education allowance up to Rs 100 per month per child for two of your children is fully tax-free. Likewise a hostel allowance received and spent by you is exempt up to Rs 300 for each child, for up to two children. You can claim these exemptions only if your employer provides you such allowance separately as part of your salary
Full form of words we use in daily life
Correct meaning of “OK” is the name of a German engineer Otto Krovens who worked for Ford car company in America.
As a chief inspector, he wrote his initial as OK upon each car he passed.
Hence it continued till date as All correct.
Do we know the actual full form of some words??? 💚
💛 _ 🔗Newspaper = _ 💛
North East West South past and present events report.
💛 _ 🔗Chess = _ 💛
Camel, Horse, Elephant, Soldiers.
💛 _ 🔗Cold = _ 💛
Chronic Obstructive Lung Disease.
💛 _ 🔗Joke = _ 💛
Joy of Kids Entertainment.
💛 _ 🔗Aim = _ 💛
Ambition in Mind.
💛 _ 🔗Date = _ 💛
Day and Time Evolution.
💛 _ 🔗Eat = _ 💛
Energy and Taste.
💛 _ 🔗Tea = _ 💛
Taste and Energy Admitted.
💛 _🔗Pen = _ 💛
Power Enriched in Nib.
💛 🔗Smile = 💛
Sweet Memories in Lips Expression.
💛 _ 🔗SIM = _ 💛
Subscriber Identity Module
💛 _ 🔗etc. = _ 💛
End of Thinking Capacity
💛 _ 🔗Or = 💛
Orl Korec (Greek Word)
💛 _ 🔗Bye = 💛
Be with you Everytime._
💚 Share this article as the majority of us don’t know 💚 👌👌
ART OF CRACKING CIVIL SERVICE EXAMINATION
When we look up sky is the limit but on this earth cracking the civil service examination is the ultimate for each competitive aspirant. Every year 3 to 4 lacs students sit for the litmus test but less than thousands finally crossed the end hurdle. No doubt cracking the civil service examination, we need some preparation but it is not impossible. Aspirants from the word go must make the right strategy and select appropriate books and materials to conquer the test.
Most students prepare for the civil service examination after their graduation examination or after the publication of the result. But if you need a result in favor of your then start your preparation after 10th or at maximum 12th standard. Because NCERT books which you read in schooldays are the most basic essence or gateway to the temple of success.
Thinking of students who used to falter and those who finally come out as a winner, the basic difference is the right approach or strategy as books and materials are the same for each aspirant. History reminds us there are many instances where an average student achieve the miraculous feet if he or she has the zest, zen, and zeal to surpass their counterparts. Before commencing the arduous journey aspirants must go through following aspects———-
- Analyzing previous year questions with answers
- Go through seriously and vividly The Hindu daily and mostly the editorial portion
- Selecting the right books and avoiding unnecessary materials or books for the same subject(Take the help of good and right mentor)
- Cover the entire syllabus because UPSC is unpredictable
- Never prepare for preliminary examination only but for the main examination at the outset which will help you crack the prelims.
- While studying any subject, start preparing probable and expected questions as per the syllabus and previous year questions.
- Last but not the least commence your journey with the right strategy, appropriate approach and perfect attitude
Another important aspect of cracking the civil service examination is selecting the right coaching or guide as most of the students are unaware of the civil service examination.
May God bless you. Best of luck for upcoming exams and the rest of your life.
JNU to hold third convocation to award alumni Nirmala Sitharaman, S Jaishankar
The Jawaharlal Nehru University is ready to hold its third convocation in August. During the executive council meeting held today, it was decided to award the Minister of Finance and former minister of defence Nirmala Sitharaman and Minister of External Affairs Subrahmanyam Jaishankar during the ceremony.
Both the union ministers are alumni of JNU. Sitharaman pursued MA from the School of Social Sciences (SSS) and MPhil from the School of International Studies at JNU. Jaishankar pursued MPhil and doctoral research at the School of International Studies from the Delhi-based varsity. He also specialised in nuclear diplomacy at JNU.
The two will be the first-ever recipients of the ‘Distinguished Alumni Award’ bestowed by the varsity.
Today the Executive Council of JNU decided to bestow the newly established Distinguished Alumni Award upon Smt. Nirmala Sitaraman and Shri. S. Jaishankar in the third convocation to be held in August 2019. They will be the first recipients of the Distinguished Alumni Award. pic.twitter.com/ElSuDTsh9m
JNU held its second convocation after 46 years in 2018 after the UGC asked the central varsities to hold the ceremonial ritual of conferring the degrees. The ritual is being carry-forwarded this year as well. The first convocation was held in 1972.
A unique example of empowering the children of the poorest of the poor through education and skills
In this materialistic world when nobody has time for anybody, there is one selfless teacher, wedded to the cause of upgrading the socio educational standards of extremely poor, hapless n deprived children who are either parentless, have no source of income, constrained to beg in the society for survival or penniless.
Such outstanding human beings with generosity, compassion and will to do something incredible for these worst lots of the society in the eyes of people are seldom seen or found.
But yes we have one extraordinary example in Srinagar, Garhwal, Uttarakhand, a teacher by profession namely Sangeeta Faraasi.
This outstanding woman with exceptional commitment n dedication goes in the MALEEN BASTIES, the localities at the lowest ebb n enthuses children of the poorest of poor classes to learn reading n writing so as to become a credible citizen of the country tomorrow and stand at par with the educated, rich n affluents by the dint of their hard work, maximum education and knowledge.
Can anybody believe that teacher Sangeeta Faraasi with limited resources based in Srinagar, Pauri Garhwal has so far helped freed 10 students of the beggers families and get them addmitted in local schools.
She educates these poorest of the poor children for two hours every evening free of costs voluntarily.
She had also organised a summer camp for the children of these marginalised and economic deprived classes in which she imparts them educative training in vocational skills as well.
In the summer camp she teaches the children and tiny tots about craft, drawing, singing, nukkad naataks and paintings to generate interest in them towards extra co currical activities and also entice them towards reading n writing.
This small summer camp will continue for a week from 31st June to 6th june and good number of poor children are being brought here for training in skills n other curricular activities. Besides these camps Mrs Sangeeta Farasi also gives free tutions to the poor student for every two hours daily and is a regular feature. We salute her noble endeavour and hope that other teachers will also follow suit.
HRD Minister assures countrymen that no language will be imposed on anyone
The Uttarakhand chief minister Trivendra Singh Rawat today met the newly sworn in HRD minister of Uttarakhand Dr. Ramesh Pokhriyal Nishank at his 13 Canning lane, New Delhi residence earlier the residence of the union minister Nitin Gadkari and congratulated him for his new pivotal assignment as union HRD minister earlier held by stalwarts like late K C Pant, Arjun Singh, Dr Murli Manohar Joshi n controvertial under graduate leader Smriti Irani.
Smriti Irani who’d defeated Congress chief Rahul Gandhi from Amethi is union minister of Women n Child Development and textiles.
According to Dr. Ramesh Pokhriyal Nishank, though his meeting with Uttarakhand CM was an informal one and a customary get together but they also deliberated on various pivotal issues of the state and his ministry’s possible contribution in the education sector of Uttarakhand in the near future.
Prior to Dr. Nishank’s meeting with the Uttarakhand CM he also went to the residences of the former MPs from Uttarakhand n state ex CMs Major Bhuvan Chandra Khanduri and Bhagat Singh Koshiyari to seek their blessings.
Meanwhile, speaking to the media the union HRD minister Dr. Pokhriyal cleared doubts about the rumours taking rounds in the media that the new draft education policy document has made Hindi compulsory in all the schools of India.
In a letter of clarification posted in his twitter handle today Dr. Nishank said that while it is true that a draft of National Education Policy document has been submitted to me by the Chairman Dr. Kasturirangan and the members of the Committee yesterday but it has been placed for eliciting the views of the general public.
It is not the policy announced formally by the government. After getting the feedback from the general public and after properly consulting the state governments, the National Education policy will be formally announced by the government.
He assured that the government under the leadership of the prime minister Narendra Modi is committed for equal development and promotion of all Indian languages.
There will therefore be no imposition of any language in educational institutions, nor discrimination against any language.
The clarification letter has been signed by R. Subrahmaniyam, Secretary HRD.
It may be recalled that the leaders of all political parties of the south including Congress, the splintered group of AIADMK, actor turned politician Kamal Hassan n even the Congress leader of Tamilnadu K Raju has opposedthe imposition on Hindi in schools of thesouth.
They said that the entire south India will oppose this decision tooth and nail and the consequences would be disastrous.
In was in this context that the union HRD minister n its sectretay Dr. Pokhriyal and Subrahmaniam has to issue the written clarification.
Election in several southern states are likely to be helf in the near future and the NDA government would never take the risk of annoying the electorates of the southern states.
CBSE Class 10th board exams 2020 to have fewer questions?
The Central Board of Secondary Education (CBSE) is most likely to change the exam pattern for 10th board exams. The board is likely to decrease the number of objective questions asked in CBSE class 10 board exams. The questions will be replaced by more detailed answers to ensure creative writing and discourage rote learning.
“The changes will be part of the routine review exercise ahead of exams. Once the changes are finalised, sample papers will also be released so students get an idea and also get to practice the same before exams,” a senior CBSE official said.
Board experts are considering if they can decrease the number of questions and increase the marks for each question and encourage students to write elaborative answers.
It would not be an overhaul of the entire question paper but minor changes and students have nothing to worry about,” the official added. The board is also thinking about methods to diversify the current format of objective questions carrying one mark each.
In another major development, the board is conducting two-level exams for class 10 mathematics and English papers from 2020 onwards. Reportedly, a total of 20 marks will be assigned for school-based assessment in each of the exams.
Mathematics and English exams for CBSE class 10 will be conducted in two-levels. Those who clear the internal exam will be eligible for the theory exam.
In mathematics 10th board exam 2020, students will also have an option to select the difficulty level of their mathematics exam. Those who choose the easier version, however, could not take mathematics as a major subject in higher studies. According to a CBSE’s official circular released in 2018, the current mathematics subject will be called mathematics-standard and the easier level will be called mathematics-basic. The same will also be introduced from 2020 onwards.
Matriculation results: ‘Arbitrary’ internal assessment marks worry parents
Beyond imagination high” scores and “arbitrary” marks given to students at the time of internal assessments are among issues raised by parents since the class X results were announced. In class X, the year-end board exam accounts for a maximum of 80 marks and a 20-mark component is based on internal assessments per subject.
Parent’s posts on social media and meetings with school principals have crossed the same anxiety. “This apprehension has become more pronounced this year. Only today, a parent come out to the admissions coordinator and said that students from some other schools were awarded full marks in internal assessment. Considering the process of internal assessment, the possibility of this is quite low,” said Jyoti Arora, principal, Mt Abu School, Rohini.
Vipul Aggarwal, an IPS officer , wrote to CBSE chairperson Anita Karwal, wondering why his daughter, in spite of getting high marks in the exam, had got poor marks in internal assessment. Then, having spoken to Karwal, he tweeted that he was pleased with the internal assessment process
Several school principals also said that more and more parents are coming out to them, surprising how their children missed out on the best possible percentage owing to the strict marking pattern
Ameeta Wattal, principal of Springdales School, Pusa Road, however, added that most schools are transparent in their assessment.
“The marks that we award to children show what they deserve. Some parents display a trust deficit. By the time the children get to class X, they have usually been in the same school for 12 years. In such a situation, the lack of trust from parents is something we can’t do anything about. We look at the marks children are getting these days and many of them are highly improbable,” she said.
CBSE officials mentioned parents raise these issues many times. “We do not make a data set of school-wise internal assessment, though the data is sent to us. These issues have been raised but for internal assessment, schools have to be given autonomy,” said an official. we
PSEB Class 10th results: 85.86% pass — a 26% increase & highest in 3 years
THE 10th board results of the Punjab School Education Board (PSEB) were announced with the pass percentage rising to 85.86%— shooting up by a whopping 26% higher in comparison to last year the highest in three years.
In 2018, the pass percentage was 59.47% and 57.5% in 2017. In 2018& 2017, the PSEB claimed that grace marks were not given to students.
Girls again surpassed the boys this year as the first two top positions were caught by female students. This year, schools in rural areas performed with a pass percentage of 86.7% and schools in urban areas was 83.38%
In 2018, the pass percentage of students in rural area schools was 61.22% and those of urban schools was 63.85%.
PSEB Chairman Manohar Kant Kalohia said a total of 3,17,387 students appeared in the examinations held in March. As many as 2,71,554 students passed.
Kalohia added that 10,199 students failed while 35,615 students have re-appeared, and results of 19 students were withheld.
He mentioned that this year, the pass percentage of girls was 90.63% while that of boys was 81.30%. In 2018, the pass percentage of boys was 52.31% and that of girls was 69.13%.
Kalohia attributed the hike to “justifiable” marking. He said that this year, the examiners had been told to ask questions which were in ‘books’ and the syllabus the students had studied.
“There should not be a trend of asking questions which students did not know. This time schools a put lot of thrust on studies due to which the pass percentage increased,” he said.
Class XII CBSE Results: Delhi Govt. Schools Witness Best-ever Pass Percentage
Delhi government schools registered their best-ever performance in CBSE Class XII examinations, with a pass percentage of 94.29% and with over 200 schools with a 100% pass percentage.
This comes after Delhi government schools had crossed the 90% pass percentage mark in Class XII boards for the first time last year. The number of government schools with 100% pass percentage has increased in the last two years. In 2017, the number of such schools was 112 and this increased to 168 in 2018. This year, their number rised to 203
The number of schools with more than 90% pass percentage has also reached up to 732 this year, from 638 in 2018 and 554 in 2017.
A total of 1,29,917 students from Delhi government schools had appeared for the Class XII CBSE examinations this year. They form a majority of the 2,39,864 candidates from Delhi who appeared in these examinations.
Following a trend which has been in place since 2015, government schools witnessed a higher pass percentage than the city’s private schools. With the private schools registering a pass percentage of 90.68%, the two groups of schools have a 3.61 percentage point difference in pass percentages. However, the city’s private schools also gave an increased pass percentage from last year’s 88.35%.
Like in all other regions, girls registered a higher pass percentage with a margin of 6.54 percentage points — Delhi girls had a pass percentage of 95.17% while boys had 88.63%.
Similarly, in government schools too, girls were ahead with 96.3%. However, boys registered an increase in pass percentage to 91.48% from last year’s 85.98%.
Delhi Education Minister Manish Sisodia took to Twitter after the results: “Congratulations students, teachers, parents and team education of Delhi government for beating your own record of last year’s class XII CBSE exam.
ICAI exams 2019: Applications available for IT, soft skill certification test
The Institute of Chartered Accountancy of India (ICAI) has asked for the advanced integrated course on information technology and soft skills (advanced ICITSS) at its website, icia.org. The exam will be held in a computer-based mode on May 17 from 10:30 am to 12:30 pm.
The application process will start on May 2 and end on May 7, 2019. The exam is scheduled to be held in 69 cities in India and in Dubai. In case enough candidates do not register from an exam center, that centre will be cancelled. Those who wish to appear for the test can apply at icai.org and pay the exam fee.
ICAI exam 2019: Eligibility
No candidate shall be admitted to the test unless he/she has finished the course or going to complete the course
ICAI exam 2019: Fee
Students need to pay Rs 500 as an exam fee. For those who want to apply for the Dubai centre will need to pay $150.
The pattern of exam will be objective type or MCQ-based. It will have 100 questions and would be of 100 marks, one mark each. There will be no negative marking. Candidates must report to the centre by 9:15 am, the exam will begin at 10:30 am. If a candidate reaches later than the reporting time, they will not be allowed to appear for the exam. Candidates will not be permitted to go from the examination hall till the test finishes.
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