In a major boost to the education sector, the Union Budget for 2003-04 today provided income tax relief to guardians on their children's educational expenses.

Education expenses up to Rs 12,000 per child for two children in a family would be eligible for rebate under Section 88 of the Income Tax Act, Finance Minister Jaswant Singh said while presenting the Budget in Parliament on Friday.

PTI

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What do you think about the story? Read what others have to say: Number of User Comments: 3 Sub: thanks for it rebate dear sir really i appreciate this system. thanks alot .s.vijay Posted by s.vijayarangan Sub: it rebate for education expenses Though late it is a very good concession. ... Posted by R. THANGAMARIAPPAN Sub: IT rebate for education expenses It is a better relief for middle class salaried. This education expenses is the biggest burdone which is not recognised till now. From 6th std ... Posted by s gnanasekar