dedn on rent paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2011 To,

Dear all

I am staying on rental basis, and I am a taxi driver, I am filing my income tax retrun regularly.

my question is that can i get deduction on rent i am paying, from my income.

Pl guiide me.

CA SAURABH GARG

CA SAURABH GARG (Expert)
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10 April 2011 Yes your are eligible to take deduction u/s 80GG on rent paid by you ,if your are not falling u/s 10(13A), as under:

Deduction in respect of Rent:
Conditins:
-Individual
-Not getting HRA
-Not have his,HUR, wife of minor child house near work place
-File declaration in Form 10BA

Quantam of Deduction allowed:
(Least of the following)
i)Excess rent paid of 10% of adjusted total inocme
ii) Rs. 2000/- PM
iii) 25% of Adjusted total Income

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