Budget
This query is : Resolved
05 March 2016
What is the deduction of 88g which govt has increased from 24000 to 60000 in this budget?
05 March 2016
The deduction hitherto allowed under section 80GG towards rent paid in excess of 10% total income was Rs. 24,000 ( subject to certain other conditions). This limit is increased to Rs. 60,000 and will apply from 1.4.2017.
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