Rent Deduction U/s 80GG Utility

Section 80GG, of Income Tax Act 1961-2020

An assessee  not being person claiming deduction of House Rent Allowance (HRA) or by whatever name its called u/s 10(13A) is eligible to claim deduction under this section.

Conditions to be met for this deduction :

  1. Assessee or his spouse or minor child or any member of HUF of which the assessee is part of doesn’t own a house property at a place where he perform his duties of his office or employment, or carries his own business.
  2. If the assessee himself is the owner of the property

Deduction to be calculate as follows:

Least of the following

  1. Rent paid less 10% of Total Income.
  2. Maximum of Rs 5000 p.m,
  3. 25% of Total Income.

A excel utility is attached for your calculate easily

Anup Nair – email id : [email protected]

Access Denied! Only Regstered Users Can Download The File "Utility for computation of Deduction of Rent for Non-Salaried Individuals – 80GG". Register Here or Login

Author Bio

Qualification: Post Graduate
Company: Anup Nair
Location: Maharashtra, IN
Member Since: 26 Jun 2020 | Total Posts: 3
Keen learner in field of Income Tax, GST. Developing MS Excel skills and TDL(Tally Developer Language) View Full Profile

My Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Review us on Google

More Under Income Tax

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031