Filling itr for form 16a

Claim deduction u/s 80GG :

Deduction will be lower of the following:

a. R.s 2000/- per month;

b. Rent paid in excess of 10% of total income (TI); or

c. An amount equal to 25% of TI.

You will have to file ITR-4, and so you can claim expenses incurred toward earning your professional fees.

As Harpreet stated it is "house rent". Hence, it is a personal expense which cannot be claimed as business expense until n unless profession is carried on from the same premise.

Thanks Everyone for your valuable response!!!

As I can understand from the above discussion, I cannot avail Tax exemption for rent I pay.

Can I avail tax exemption for the Fixed Diposit I make for 5 yr plan with SBI and is there a cap on the limit upto which I can get tax exempted.

Please consider me a dumb while explaining

Thanks in Advance