Web1 Dec 2024 · Both self-employed and salaried individuals are eligible to claim deductions for house rent that is paid under several sections like Section 80GG and 10(13A) of the … Web5 May 2024 · Form 10BA is a declaration that has to be filed by an individual who wants to claim a deduction under section 80GG for rent paid on rental property. It is a declaration …
When you can Claim Both Home Loan and HRA Deduction - Tax2win
Web15 Feb 2024 · The maximum amount of deduction that can be claimed under Section 80GG of the Income Tax Act corresponds to the least of the following: Rs. 5,000 per month (Rs. 60,000 per year); or 25% of your gross total income; or (Actual rent paid) – … Web27 Dec 2024 · Claiming Section 10 (13 a) and 80GG together in AY2024-21 This query is : Resolved Report Abuse Follow Query Ask a Query Jitender Sajwan (Querist) Follow 27 … swiss reinsurance armonk
HRA U/s 10 (13A) vs 80GG Income Tax - CAclubindia
Web6 Feb 2024 · 07 February 2024 You may claim deduction of HRA U/S 10(13)A for the period from April,2016-June,2016 & for the balance period of the current financial year i.e.from … WebAs per Rule 2A, the least of the following is exempted from salary under Section 10 (13A) and does not form part of the taxable income. Actual HRA received from the employer For those living in metro cities: 50% of (Basic salary + Dearness allowance) For those living in non-metro cities: 40% of (Basic salary + Dearness allowance) Web19 Dec 2024 · Under such circumstances, he can claim deduction under section 80GG discussed hereinafter. 2. Under section 80GG: ... The Explanation to section 10(13A) clarifies that the exemption under section 10(13A) shall not be available-1. If the residential accommodation occupied by the assessee is owned by him; in other words, an owner … swiss re impressum