The specific deduction for house rent under Section 8OGG is available @ 25% of the salary subject to maximum of 2,000 per month, subject to the requirement of filing a Form No. 1OBA with the employer.
The main condition for this purpose now is that the assessee should file a declaration in Form No.10BA to the effect certifying that he has paid the rent to the landlord and that no residential accommodation is owned by him or his spouse or minor children or family where he/they ordinarily resides/reside or performs/perform duties of business or employment or carries/carry on business or profession, or is owned by him or by his HUF at any other place, being accommodation in his occupation, the value of which is determined for self-occupied house property under Section 23(2)(a)(i) or 23(2)(b). |
