New Delhi, July 12 -- School fees are one of the biggest expenses for many families, but the good news is that some education-related expenses can also help you save tax, provided you meet the eligibility conditions laid down by the income tax department.

Under this provision, employees can claim a tax exemption on children education allowance and hostel allowance received from their employer.

Separately, tuition fees paid for a child's education can also be claimed as a deduction under Section 80C. However, these exemptions and deductions are only available to those opting for the old tax regime.

The income tax rules 2026 have significantly increased the eligible exemption limits for children's education allowance and hostel allowance...