I am retired and having only interest income. I am paying Houserent of Rs 11500/-. What would be the tax exemption.
Thanxs
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Tax exemption for the rent paid
Replies (2)
You can claim deduction u/s 80GG.
YA ITS UNDER 80 GG, AND ITS 24000 PA
| Less: Deduction U/S 80GG: | |||
| a)Rent paid | |||
| Excess of Rent paid Over 10% of total Income | |||
| b)25% Of Total Income | |||
| c)Rs. 2000 Per Month*12 | |||
| Deduction Admissible | 24,000 | ||
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