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If you don t receive hra house rent allowance but pay rent you can still get a tax deduction on the rent paid under section 80 gg of the income tax act 1961.
Hra exemption section 80. Usually hra forms part of your salary and you can claim deduction for hra. The taxpayer should be living on rent and paying the rent. It s important that the taxpayer spouse or the minor child should not own residential accommodation at the place of the employment.
For them section 80 gg of the income tax act offers help. An individual paying rent for a furnished unfurnished accommodation can claim the deduction for the rent paid under section 80 gg of the i t act provided he is not paid hra as a part of his salary by furnishing form 10b. If you do not receive hra from your employer and make payments towards rent for any furnished or unfurnished accommodation occupied by you for your own residence you can claim deduction under section 80gg towards rent that you pay.
Section 80gg tax deductions on house rent paid under section 80gg you can claim deduction for the house rent paid when hra is not received in salary. The maximum deduction permitted under section 80 gg is rs 60 000 per annum rs 5 000 per month. In case you are not in receipt of hra and you are paying rent then you may claim tax deduction under section 80gg of it act 1961 subject to certain deductions.
Exemption on hra is available under section 10 13a. What is section 80gg.
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