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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