22 March 2018
MY INCOME FROM SALARY AND ELECTRICIAN WORK Rs.323999 I DON'T HAVE MY OWN HOUSE I PAID 72000 RENT IN A YEAR HOW MUCH DEDUCTION I CAN GET IN AY 2017-18
22 March 2018
Deduction –the lowest of these will be considered as the deduction under this section-
(a) Rs 5,000 per month
(b) 25% of total Income (income to exclude long term capital gain, short term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also income is before making deduction under section 80GG).
(c) Actual Rent less 10% of Income (income to exclude long term capital gain, short term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also income is before making deduction under section 80GG).
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