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section 80gg
maximum amount can be claimed as deduction? and whether rent agreement is required?
Replies (4)
Yes rent agreement is required or any document authorising rented property specifying name of owner amount of rent address of rented property and name of person staying on basis.
Max amount depends on calculation as per section.
Give me amount will calculate same
rent paid 8000 pm
maximum amount allowed u/s 80GG is Rs. 5000 Per Month and you should have either rent slip or rent agreement in proof.
It will be least of:>
10% of your total income after deductions except of 80GG
5k per month
25% of your total income after deductions except of 80GG
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