Tax query

 a person have salary20000/- pm in noida ?

 

then how much rent allowance he can avail pm

& can he avail atfer tax deduct by company 

Replies (3)

 

Amount of deduction under section 80GG

So, how much can you claim as deductible u/s 80GG?

The amount allowed as deduction is the minimum of the following:

 

  • Rent / lease amount paid less 10% of your total income
  •  Rs. 2,000 per month
  • 25% of your total income

Here, Total Income means:

Your Gross Total Income

Less long term capital gain, and short term capital gain that would be charged at a concessional tax rate (like STCG from sale of shares)

Less all deductions other than the deduction under Section 80GG

 



Sir,

I want to know about T.D.S. Return filling in case challan deposited by the assessee is having wrong TAN number. Sir, please tell me now wat is the remedy available with the assessee as he has quoted wrong TAN in Challan by mistake. How he can file TDS return wid correct TAN. 

Write a Letter to the TDS Assessing Officer quoting the correct TAN. Also attach a photocopy of the TAN with the Letter.

 

Regards,
Devendra

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