Deductions on House Rent
Section 80GG: Deduction in respect of House Rent Paid
Deduction available is the least of
- Rent paid minus 10% of total income
- Rs. 2000/- per month
- 25% of total income, provided
- Assessee or his spouse or minor child should not own residential accommodation at the place of employment.
- He should not be in receipt of house rent allowance.
- He should not have self occupied residential premises in any other place.
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