List of deductions that you can claim but you didn't know if it beforeMany pay house rent but cannot avail exemption because there is no HRA component in their salary. Under Sec 80GG, you can claim a deduction for the rent even if you don't get HRAA deduction of up to Rs 40,000 can be claimed if a taxpayer suffers from any ailment specified under Sec 80DDB or has a dependent who is a patient.
For senior citizens, the deduction is higher at Rs 60,000. The diseases include certain neurological ailments, cancer, AIDS, kidney failure and haematological disorders.
There are several other deductions that a taxpayer can avail. We list out a few. #tax #taxes #taxpayers