https://www.taxtmi.com/acts?id=51665 Deductions are allowed for rent paid for furnished or unfurnished accommodation used as the assessee's residence, only where rent exceeds 10% of total income and subject to a ceiling of Rs. 5000 per month or 25% of total income for the tax year, whichever is less; the percentages are measured against total income before this deduction. Prescribed conditions regarding area or place may apply. No deduction is permissible where the accommodation is owned by the assessee, specified relatives or the family at the place of ordinary residence or duty, where an owned accommodation is valued under specified valuation provisions, or where the assessee has income in the listed schedule. en-us Thu, 14 Aug 2025 10:59:28 +0530 Wed, 27 Aug 2025 11:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51665 Deductions are allowed for rent paid for furnished or unfurnished accommodation used as the assessee's residence, only where rent exceeds 10% of total income and subject to a ceiling of Rs. 5000 per month or 25% of total income for the tax year, whichever is less; the percentages are measured against total income before this deduction. Prescribed conditions regarding area or place may apply. No deduction is permissible where the accommodation is owned by the assessee, specified relatives or the family at the place of ordinary residence or duty, where an owned accommodation is valued under specified valuation provisions, or where the assessee has income in the listed schedule. Act-Rules Income Tax Thu, 14 Aug 2025 10:59:28 +0530 https://www.taxtmi.com/acts?id=51665