Rent claiming under 80gg

RAMA.S (FREELANCER-BOOK KEEPING & TAX CONSULTING/FILING)   (23 Points)

23 July 2018  

HELLO ALL,

What if the person (PROFESSIONAL income earner) has paid the rent amount is rs.96000/- p.a and the (AGTI) Adjusted Gross Total income is Rs.12 lacs, than what would be  Deduction amount under section 80GG?

Since lowest of Following:
1)5000*12=60000/-
2) 25% of AGTI (i.e. 12lacs)= Rs. 300000
3) Rent Paid – 10% of AGTI (i.e 96000- 120000)= --30000

is he eligibel to claim this deduction or not.

 

pls guide.