Click here to Download All in One TDS on Salary for Govt & Non Govt Employees for the Financial Year 2014-15 & Ass Year 2015-16 as per New Slab
( This Utility can prepare at a time Tax Compute Sheet + Automatic House Rent Exemption Calculation + Arrears Relief Calculation + Form 10E + Form 16 Part A&B and Part B for Govt & Non Govt Employees)

Deduction under section 80GG for house rent paid:
Deduction u/s 80GG is available if following condition are satisfied

·                                 Deduction is available to Individual Assessee only.

·                                 He has not received HRA(house rent allowance ) from his employer if he     is a salaried person otherwise he should be self employed.

·                                 He has paid house rent for his own residence.

·                                 He or his spouse or his minor child or HUF(of which he has a member) should not have a residential house where he ordinarily resides or performs duties of his office or employment or carries on his business or profession;

·                                 He should not have a house owned by him, which is under his occupation and value of that is not being taken as nil under section 23(2)(a) or 23(4).

·                                 A declaration on Form 10BA should be submitted .
so if conditions are satisfied then he can claim deduction u/s 80GG for house rent paid

Amount of deduction:
Least of the following is deductible u/s 80GG

1.                              Rs 2000 per month for the Assessment year 1987-88 onwards.
2.                              25 % of total income

3.                              the excess of actual rent paid over 10 % of total income

Total Income means income excluding long term and short term gain under section 111A and income referred to in section 115A or 115D but before making any deduction under section 80C to 80U.
Click here to Download All in One TDS on Salary for Govt & Non Govt Employees for the Financial Year 2014-15 & Ass Year 2015-16 as per New Slab
( This Utility can prepare at a time Tax Compute Sheet + Automatic House Rent Exemption Calculation + Arrears Relief Calculation + Form 10E + Form 16 Part A&B and Part B for Govt & Non Govt Employees)