section 80gg
Pramod Thakur (13 Points)
16 August 2018
maximum amount can be claimed as deduction? and whether rent agreement is required?
4 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 16 August 2018
Yes rent agreement is required or any document authorising rented property specifying name of owner amount of rent address of rented property and name of person staying on basis.
Max amount depends on calculation as per section.
Give me amount will calculate same
Neelam Chawla
(40 Points)
Replied 16 August 2018
maximum amount allowed u/s 80GG is Rs. 5000 Per Month and you should have either rent slip or rent agreement in proof.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 17 August 2018
It will be least of:>
10% of your total income after deductions except of 80GG
5k per month
25% of your total income after deductions except of 80GG
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