Questions 80GG Eligibility

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Ayush Garg

Category : 80GG - R.., 80GG Eli..,

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February 3, 2019 8:28 pm

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80GG - Rent Paid

Sir good evening sir ye btaiye psu banks me officer ko kisi city me rent ke house me rahne ke liye alag se lease rent milta Hai but form 16 ya salary slip me HRA me show nai rhta to kya section 80GG ya kisi aur section me jo monthly rent paid Kar rhe Hai us par tax benefit mil sakta Hai?

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Amlan Dutta

Not sure of this Ayush , the eligibility as per 80 GG has to be looked into .....the section speaks of absence of HRA as the major condition in order to claim benefit under 80 GG and here though the company is not providing HRA , it is very similar to providing some kind of house rent assistance in terms of lease rent and so , i think the department may disallow the benefit even if it is claimed but if a fair reading of the act is done , it would suggest otherwise i.e that there is no HRA provided and that the employee can take benefit under section 80 GG if all other conditions as listed satisfied ...i request that you take a separate opinion from a tax expert as well ..besides 80 GG there is no deduction benefit that can be seeked ....

Note ------Eligibility under 80 GG.................

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. Here are a few conditions that must be fulfilled –shed or unfurnished accommodation occupied by you for your own residence, you can claim deduction under section 80GG towards rent that you pay. Here are the conditions that must be fulfilled –

1. You are self-employed or salaried

2. You have not received HRA at any time during the year for which you are claiming 80GG

3. You or your spouse or your minor child or HUF of which you are a member – do not own any residential accommodation at the place where you currently reside, perform duties of the office, or employment or carry on business or profession.

4. In case you own any residential property at any place, for which your Income from house Property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.

To claim 80 GG benefit be sure to fill up form and submit and file Form 10BA online before claiming it in return

Deduction benefit –the lowest of these will be considered as the deduction under this section-

(a) Rs 5,000 per month

(b) 25% of the total Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).

(c) Actual Rent less 10% of Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).( To claim 80 GG benefit be sure to fill up form and submit online before claiming it in return )

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February 3, 2019

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Ayush Garg

OK sir thanks for reply agar aapko is par kuch aur pta chle to btaiyega bhot saare psu banks employees ko benefit Hoga..

February 3, 2019

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Amlan Dutta

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February 3, 2019

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R. R. Sharma

Category : 80GG Eli..,

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July 20, 2018 12:26 pm

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80GG Eligibility

I am entitled for HRA @ Rs. 14000 per month W.E.F 1st July 2017 however my HRA has not been adjusted till date in my salary but I am paying house rent @ Rs.21000 per month W.E.F. 1st July 2017. How and under what section tax rebate for house rent to be claimed for full HRA entitled amount as while ...

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Amlan Dutta

There are two things here ...You are claiming benefit of 80GG in absence of HRA ...so , clear one thing first that you don't receive any HRA even if you are entitled to ...because any receipt of HRA makes this 80GG deduction ineligible ...So, figure out 80GG eligibility first ...if you are eligibl...

July 20, 2018

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Narendra kumar Das

Category : 80GG Eli..,

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July 16, 2018 4:49 pm

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80GG Eligibility

Hi sir,
I am Narendra a great fan of u ,Sir my question is I am not getting HRA and company provided accommodation and in my form 16 the value of perquisites shown ,can I claim this value under 80 GG. And please make a tutorial for what is the difference between Perquisite and HRA ,thanks in advanc...

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Amlan Dutta

Perquisite is cash in kind ...company has given you accommodation ...so it is almost like giving you a house which otherwise you have to take on rent ...allowance is some remuneration whereas perquisite is sometimes cash and sometimes cash in kind ...here it is cash in kind ...Anyways, coming back ,...

July 17, 2018

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Pankaj lande

Category : 80GG Eli..,

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July 16, 2018 12:52 am

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80GG Eligibility

Sir I am a salaried employee and I have applied for lease accomodation due to which I dont receive HRA allowance in my salary slip .The employer transfers XX Rs into my owner's account every month as per lease accomodation terms and the remaining rent I pay from my side. my form 16 doesnt show any e...

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Amlan Dutta

No, in this case 80GG is not allowed since HRA is there but you have opted for lease ......you may take a second opinion

July 16, 2018

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