Exemption under Section 80GG:
03-05-2022 10:37:59
This section pertains to the house rent that is paid by the assessee. The limits are the least of the following –
1. Actual rent paid minus 10% of the total income
2. INR 2000 per month (till a maximum of INR 24000 annually)
3. 25% of the total income
The above limits will be viable only if the assessee, his/her spouse or minor child
1. Not own a residential accommodation at the place of employment
2. Not receive house rent allowance
3. Not have self-occupied residential accommodation in any other place
