Section 80GG of ITA, 1961 : Section 80Gg: Deductions In Respect Of Rents Paid
ITA, 1961
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Explanation using Example
Let's consider a hypothetical scenario where Mr. Raj, a software engineer, is living in a rented apartment in a city where he works. Mr. Raj does not receive House Rent Allowance (HRA) from his employer, and he does not own any residential property. His total income for the financial year is ₹6,00,000, and he pays a monthly rent of ₹8,000 for his accommodation.
Under Section 80GG of th...
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