Deductions in respect of rents paid

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Deductions in respect of rents paid

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....n per cent of his total income towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence, to the extent to which such excess expenditure does not exceed 3[five thousand rupees] per month or twenty-five per cent of his total income for the year, whichever is less, and subject to such other conditi....

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....nation.-In this section, the expressions "ten per cent of his total income" and "twenty-five per cent of his total income" shall mean ten per cent or twenty-five per cent, as the case may be, of the assessee's total income before allowing deduction for any expenditure under this section.]     ***************** NOTES:- 1.  Inserted vide Section 30 of the Finance (No. 2) Act....

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.... in excess of ten per cent of his total income towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence, to the extent to which such excess expenditure does not exceed two thousand rupees per month or twenty-five per cent of his total income for the year, whichever is less, and subject to such o....

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Deductions in respect of rents paid