What are the conditions required to be fulfilled for claiming deduction under section 80GG?

If your employer has refused to allow HRA benefit, you can claim deduction for amount of Rent paid for your accommodation U/s 80GG provided the following conditions are fulfilled:

1. You are a salaried person and you have not claimed any HRA benefit during the year in which you are claiming deduction under section 80GG.
2. You or your spouse or your minor child or HUF of which you are a member – do not own any other residential accommodation at the place where you currently reside or carry on business or profession.
3. 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.
4. You must have filled a declaration in form 10BA with details for payment of rent.

          Rent Deduction Calculation under Section 80GG:

The amount which you can claim under Section 80GG will be the least of the following :

1. Rent paid minus 10 percent the adjusted total income.
2. Rs 5,000 per month.
3. 25 percent of the adjusted total income.