34.  Income Tax Saving if House Rent is Paid by Any Assessee

(i) The residential accommodation is owned by the assessee or his spouse, or minor children;

(ii) An assessee is a member of a HUF and the residential accommodation is owned by the family at the place where he ordinarily resides or performs duties of his employment, business or profession; or

(iii) Owned by the assessee at any other place and used by him for self occupation.

To apply the deductible percentage, the assessee’s total income will have to be considered before allowing deduction for any house rent paid by the employee. The deduction is allowed to an assessee on accommo

dation situated in any part of India. However, Form No. 10BA has to be submitted by the employee to the employer.

For ready reference Form No. 10BA is reproduced hereunder which is required to be submitted to the employer:

Form No. IOBA

[See Rule 11B ]

Declaration to be filed by the aassessee claiming deduction under Section 8DGG

I/we _____________________________________________

[Name of the assessee with permanent account number)

do hereby certify that during the previous year ………………….. I / we had occupied the premises ………………….. [full address of the premises) for the purpose of  my/our own residence for a period of …………… months and have paid ` _________ in cash / through crossed cheque, bank draft towards payment of rent to
Shri/Ms/M/s ………………………………………………………. [name and complete address
of the landlord).

It is further certified that no other residential accommodation is owned by:

A. me/my spouse/my minor child/our family [in case the assessee is HUF), at……………………. where I/we ordinarily reside/perform duties of office or employment or carry on business or profession, or