28 January 2010
please let me know the amount of deduction for rent paid by me for own use. My Total Salary Income is 224000/- & i am not getting HRA. I am going to shift to rented house from 01.02.2010 & going to pay Rs.3000/- Pm rent (rent for 2 months i.e. Feb & March'10 will be paid). please let me know the amount eligibal for deduction for year 2009-10. Also pls tell me what is a procedure for claiming the same. thanks,
28 January 2010
rent paid for own use house while HRA is not received from employer, deduction can be calaimed u/s 80GG as under:
The deduction shall be the least of the following amounts: • Rs. 2000 per month • 25 percent of the Adjusted Total Income • The excess of actual rent paid over 10 per cent of Adjusted total Income
CAclubindia
