Income tax Section 80GG: Deduction where House rent is paid and HRA not received With Automated Prepare at a time 50 employees Income Tax Form 16 Part B for F.Y. 2019-20

80GG: Deduction where House rent is paid and HRA not received

You’re eligible for availing deduction if you don’t receive House Rent Allowance (HRA) from your employer or if you’re self-employed.

However, 80GG deduction for AY 2019-20 would not be allowed in the following cases:

  1. If you, your spouse, minor child or HUF of which you’re a member owns any accommodation at the place where you’re employed or doing business.
  2. If you own any residential house at the place other than place of your residence, then such property should not be assessed as self-occupied property.

Deduction allowed is lower of the following amount:

  1. Rent paid minus 10% of your adjusted total income
  2. 5000/- per month (as per the amendment in law)
  3. 25% of your adjusted total income

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B in New Format for A.Y. 2020-21 ]

The main feature of this Excel Utility:-

1)   Prepare At time 50 Employees  Excel Based  Form 16 Part B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]

2)   All the Amended Income Tax Section have in this utility as per Budget 2019

3)   You can print individual Form 16 Part Part B

4)   Most easy to install just like an Excel File

5)   Easy to Fill the all column

6)   Automatic Convert the Amount to the In-Words

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