80GG (Individual not receiving HRA)
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.
80TTA (Individual & HUF)
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.