To claim Section 80GG deduction, the following conditions must be fulfilled by the taxpayer:
Maximum deduction under Section 80GG is capped at Rs.60,000. Normally, the deduction under Section 80GG is the lower of the following three amounts:
Amount qualifying for deduction shall be the amount spent on rent in excess of ten percent of the assessee’s total income before allowing deduction for any expenditure under this section. Deduction shall be restricted to lower of the following amounts:
A declaration in Form No. 10BA has been filed by the assessee as required under rule 11B of the Income-tax Rules, 1962. For filing Form 10BA logon to e-filing website. Goto 'Prepare and Submit Online Form (other than ITR)' under Tab 'e-file'. Select Form 10BA from the dropdown list and proceed to fill in the form and submit.
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