80gg

1476 views 1 replies

Sir,

we are paying salary without any breakup.  Employee want house rent deduction u/s 80GG.  Please explain with an example so i can guide him accordingly & also i can take exect amount of deduction.  I come to know that 24000/- is available for deduction, but on internet i read about "ADJUSTED TOTAL INCOME".  LET ME KNOW WITH AN EXPAMPLE.  I confused with criteria read in two web site, both are different    1 showing 2000 + 50% + 10% of Salary

2 showing 2000 + 25% of Adj. salary + 10% of adj. salary

 

Hoping of your reply earliest.

Replies (1)

HRA U/S 10(13A)

the Least of the following will be Exempt U/S 10(13A)

1. Actual HRA Received.

2.Rent paid in excess of 10% of salary

3. 50% of salary

for the purpose of calculation of above, Salary will be taken as Basic+ DA(which forms part of retirement benifit)

 

HRA Received (-) Exempt u/s 10(13A) (as calculated above) = Taxable Amount of HRA

 

 

 

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