You can claim a deduction on the rent you pay for your accommodation under the old tax regime. This benefit is only for individuals who don't receive a House Rent Allowance (HRA) from their employer or are self-employed.
How is deduction u/s 80GG calculated?
The deduction under Section 80GG is given to the least of the following
Read more about the calculation of deduction u/s 80GG with an example.
Remember, you should not own any property elsewhere.
Steps to Claim Deduction for Rent Paid
- Navigate to File > Deductions
- Select Section 80GG card
- Enter the rent paid during the year
If you still have any further queries, you can raise a ticket to get in touch with us.