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(Querist)
05 March 2016 What is the deduction of 88g which govt has increased from 24000 to 60000 in this budget?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 March 2016 The deduction hitherto allowed under section 80GG towards rent paid in excess of 10% total income was Rs. 24,000 ( subject to certain other conditions). This limit is increased to Rs. 60,000 and will apply from 1.4.2017.

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