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 : nairanup2501@gmail.com

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Author Bio

Name: Anup Nair
Qualification: Post Graduate
Company: Anup Nair
Location: Maharashtra, IN
Member Since: 26 Jun 2020 | Total Posts: 2
Keen learner in field of Income Tax, GST. Developing MS Excel skills and TDL(Tally Developer Language) View Full Profile

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