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of <h1>Section 80GG: Tax Deduction for Rent Expenses, Conditions Apply, No House Rent Allowance or Owned Property Allowed.</h1> Section 80GG of the Income-tax Act, 1961, allows a deduction for rent expenses exceeding 10% of an individual's total income, capped at Rs. 300 per month or 15% of total income, whichever is lower. Key conditions include the individual not receiving House Rent Allowance exempt under section 10(13A) and not owning residential property. The term 'total income' refers to income before the section 80GG deduction but after other deductions. The clarification is intended to guide tax officers in calculating the admissible deduction. This information is to be communicated to all relevant officers.
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