80gg calculation
This query is : Resolved
26 January 2016
http://taxguru.in/income-tax/section-80gg-deductions-rent-paid.html
26 January 2016
http://taxguru.in/income-tax/deductions-chapter-applicable-assessees-income-salaries.html
04 October 2021
ax deductions under this section are based on Tax Rule 2A. As per Section 10(13A), the least amount from the following calculations is considered a non-taxable income.
Rs.5000 per month or Rs.60000 a year.
The yearly rent amount minus 10% of the taxpayer’s adjusted total income.
25% of the adjusted total income for a year.
Rs.5000 per month or Rs.60000 a year.
The yearly rent amount minus 10% of the taxpayer’s adjusted total income.
25% of the adjusted total income for a year.
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