Tax Savings Tips Under Section 80GG - Staying Rented House

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Tax Savings - for Staying rented house

If a salaried or self employed person staying in a rented house does not receive any kind of HRA, they can claim a deduction under this section.

 

However, you cannot avail any such benefit if you, your spouse and/or your child owns any residential accommodation in India or abroad.

You can claim the least of the following under Section 80GG:

- 25% of the total income

- Rs 2000 per month

- Excess of rent paid over 10% of total income

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