1) How much House minimum Rent amount can claim under Sec. 80GG
2) Can we Deduct Spacial/Uniform/Small family/Medical allowance etc
The lowest of these will be considered as the deduction under section 80GG –
- Rs 5,000 per month / Rs.60000 per year
- 25% of adjusted total income*
- Actual Rent less 10% of adjusted total Income* [Actual Rent – 10% of Adj.Total Income]
Adjusted Total Income* means Total Income Less long term capital gain, short term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U (except deduction under section 80GG)
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