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        Case ID :
        Income Tax

        Mr. Ram annually earns ₹ 3,00,000 (after all deductions) and pays an annual rent of ₹ 1,50,000.

        13 August, 2015

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        Chapter No. 15 - Deduction u/s 80GG

        . In such a case, the deduction allowed would be least of the following:-

        1.Rs. 2000 per month i.e. Rs. 24000 per annum

        2.Rent paid i.e. 1,50,000 minus 10% of total income i.e. 30,000 =  1,20,000

        3.25% of total income i.e. Rs. 75,000

        The least of the above would be allowed as a deduction and therefore ₹ 24,000 would be allowed as a deduction under Section 80GG.

        Deduction under Section 80GG determined as the least of three statutory measures; example illustrates rent-based cap applies. Deduction under Section 80GG is the least of: (1) Rs. 2,000 per month (Rs. 24,000 per annum); (2) rent paid less 10% of total income; and (3) 25% of total income. In the supplied example with total income of Rs. 3,00,000 and rent paid Rs. 1,50,000, the three measures are Rs. 24,000; Rs. 1,20,000; and Rs. 75,000 respectively, so Rs. 24,000 is the allowable deduction under the prescribed formula.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Deduction under Section 80GG determined as the least of three statutory measures; example illustrates rent-based cap applies.

                              Deduction under Section 80GG is the least of: (1) Rs. 2,000 per month (Rs. 24,000 per annum); (2) rent paid less 10% of total income; and (3) 25% of total income. In the supplied example with total income of Rs. 3,00,000 and rent paid Rs. 1,50,000, the three measures are Rs. 24,000; Rs. 1,20,000; and Rs. 75,000 respectively, so Rs. 24,000 is the allowable deduction under the prescribed formula.


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