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Deduction under section - 80gg

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(Querist)
20 June 2018 What if My rent paid amount is Rs. 60000 and my (AGTI) Adjusted Gross Total income is Rs.775000, than what would be my Deduction amount under section 80GG?
Since lowest of Following:
1) 5000*12= Rs 60,000
2) 25% of AGTI (i.e. 775000)= Rs. 193750
3) Rent Paid – 10% of AGTI (i.e 60000- 77500)= -17500
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
21 June 2018 in 3rd point it will be excess of rent paid over AGIT, since your rent paid doesn't exceeds AGIT so it will be zero So you exemption will be 0
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
21 June 2018 80GG benefit is not available, since criteria 3 is zero, least of above three consider for 80GG benifit
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JAGANATHAN R ACMA, SAP(Fi-Co)

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JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)
21 June 2018 Value its won't come in 80 GG as the result is zero
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Tarun Ahuja

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Tarun Ahuja (Querist)
23 June 2018 Dear All,

Thankyou very much for your useful reverts.

Regards
Tarun Ahuja
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