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Deductions

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 January 2013 An employee can avail both HRA and 80GG exemption is it right..........?
thanks in advance.........

21 January 2013 80 GG reads as follows:
In computing the total income of an assessee, not being an assessee having any income falling within clause (13A) of section 10, there shall be deducted any expenditure incurred by him in excess of ten per cent of his total income towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence, to the extent to which such excess expenditure does not exceed two thousand rupees per month or twenty-five per cent of his total income for the year, whichever is less, and subject to such other conditions or limitations as may be prescribed, having regard to the area or place in which such accommodation is situated and other relevant considerations :

So u cannot claim both


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