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What is 80GG Deduction? Usually HRA forms part of your salary and you can claim deduction for HRA. 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.
The lowest of these will be considered as the deduction under this section-
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Various details along with the form 10BA are:
No, if you are claiming HRA then you cannot claim deduction under section 80GG. The benefit can be availed of one only i.e. either of HRA or Section 80GG.
Only individuals who are self employed person or who do not receive HRA, can claim deduction under this section.
It is a declaration that has to be filed by an individual who wants to claim deduction under section 80GG for rent paid on rental property.