Deduction under section 80GG of the Income-tax Act, 1961

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..... , 1961, provides for grant of a deduction in respect of any expenditure incurred by an assessee in excess of 10% of his total income towards payment of rent (by whatever name called), to the extent to which such excess expenditure does not exceed Rs. 300 p.m. or 15% of the total income of the assessee for the year, whichever is less, and subject to such other conditions as may be prescribed. Rule .....

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..... ences on the true meaning of the Explanation. In order to arrive at the base of the total income with reference to which the amount of admissible deduction is to be calculated, it is clarified that the total income would be the total income of the assessee after allowing all deductions except the one provided under section 80GG itself. To illustrate, if an assessee is a salaried employee, the tota .....

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