Section 80GG - Deduction in respects of rent paid

Eligible assessee:- 
                                Individual who is either self-employed or in the employment, but not receiving HRA or not provided any rent free accommodation.

Deduction under this Section as follows:-
Least of the following shall be allowed as deduction-

1. Rs. 5000/- P.M.
2. 25% of the total income; or
3. Rent paid - 10% of total income before allowing deduction U/s 80GG.

Relative conditions: Deduction under this section shall not be available to an assessee in any case where any residential accommodation is owned by the assessee self or by his spouse or minor child or HUF.

Assessee has to file a declaration of expenditure in form 10BA to claim the deduction.