SALARIED EMPLOYEES WHO GET HRA CAN'T CLAIM DEDUCTION UNDER SECTION 80GG ON RENT PAID
BANKING FINANCE|December 2019
The income tax department recently sent notices to a number of salaried employees for claiming deduction for rent paid under Section 80GG of the Income-tax Act, 1961, even though they were receiving house rent allowance (HRA) from their employers.
SALARIED EMPLOYEES WHO GET HRA CAN'T CLAIM DEDUCTION UNDER SECTION 80GG ON RENT PAID

When it's available

Deduction under Section 80GG is available only to those employees who do not get HRA (for instance, because they work in very small firms or in the informal sector) or to self-employed persons. The deduction limit under the section is Rs 60,000 per year.

When it's not

Section 80GG is not available to a person who owns a house but lives in a rented house in the same city. For example, if you own a house in Mumbai but choose to stay in a rented accommodation in the same city, you won't get the benefit under Section 80GG.

この記事は BANKING FINANCE の December 2019 版に掲載されています。

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この記事は BANKING FINANCE の December 2019 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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