80gg

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Saloni (Querist)
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12 February 2019 while calculating quantum of deduction u/s 80GG do we consider standard deduction in case of salaried employees for the calculation of total income that is used for calculation of 80GG deduction? please mention the section also.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 February 2019 Standard deduction can be deducted. Inference- corollary to explanation 80GG
r.a.w. section 2(45).

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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13 February 2019 Deduction under section 80GG towards rent paid, is available to those assessee who is not receiving HRA (House Rent Allowance). This deduction is covered under chapter VIA of Income Tax Act, which is available or allowed from Gross Total Income of the Assessee. So, you can claim deduction under section 80GG after claiming standard deduction under the haed Salary. For further clarification, you may login to www.wealth4india.com or speak to our expert @9266242424

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