If you live in a rented house and your salary does not include HRA i.e. House Rent Allowance, then there is no need to worry. Under Section 80GG of the Income Tax Act, you can claim tax exemption on ...

As per section 80GG of the income tax act, 1961- An individual is entitled to claim deduction on the rent paid on the basis of premises occupied by him. Getting tax exemption under section 80GG ...

If you live in a rented house but don't get House Rent Allowance (HRA) in your salary, there is no need to worry. Under Section 80GG of the Income Tax Act, you can still claim tax exemption on rent ...

Deduction under Section 80GG is available only to those employees who do not get HRA (for instance, because they work in very small firms or in the informal sector) or to self-employed persons. The ...

NEW DELHI: The Section 80GG allows taxpayers to claim the deduction for rent paid for furnished or unfurnished accommodation occupied by the taxpayer for own residence. The claim under Section can ...

Keep rent receipts, rental agreements, or bank statements showing rent payment as evidence in case of scrutiny by the tax authorities. (Image: Freepik) Rent is often one of the biggest expenses for ...

A common dilemma arises when taxpayers own property in one city but live on rent in another. Today's Ask Wallet Wise query decodes how Section 80GG works if both spouses own flats in one city but plan ...