Rent paid for furnished/unfurnished residential accommodation subject to following conditions:

Least of the following shall be exempt from tax:

a) Rent paid in excess of 10% of total income*;

b) 25% of the Total Income; or

c) Rs. 2,000 per month.

Total Income = Gross total income minus long term capital gains, short-term capital gains under section 111A, deductions under sections 80C to 80U (other than 80GG) and income under section 115A.

Interest on deposits in saving account with a banking company, a post office, co-operative society engaged in banking business, etc.  Deduction available is 100% of amount of such income subject to maximum of Rs. 10,000.