on 07-19-2016 2:01 PM
Case 1: How can i do test case for below scenario ? Please provide Test Scenario ? SECTION 80GG
House Rent Allowance
House Rent Allowance
exemption under Section
88GG increased
Scenario for Below Query:
At present under Section 80GG, employees who do not have any
house of their own and also do not get any house rent allowance
from the employer get a deduction of Rs 24,000 per annum from
their income to compensate them for the rent they pay. The
proposal is to increase the limit of deduction in respect of rent
paid under section 80GG from Rs 24,000 per annum to Rs
60,000 per annum
Case 2: How can i do test case for below scenario ? Please provide Test Scenario ? SECTION 80EE
Interest on Housing Loan
First time home buyers to get
additional 50,000 exemption
on Interest paid
Scenario for Below Query:
An employee is entitled to claim both the interest and principal
components of home loan repayments for tax benefits. Currently
interest payable on a 'self-occupied' house is subject to a
maximum deduction of Rs 2 lakh under the head 'Income from
House Property'. For first time home buyers, an additional
deduction of Rs 50,000 on interest for loan upto Rs 35 lakh is
proposed, provided the house value doesn't exceed Rs 50 lakh
Can anyone help me on urgent basis.
Thanks& Regards,
Anand
Case1:
Maintained Proposed amount as 10000 and actuals amount as 80,000.
System will pick 60,000 as exemption amount.
Case2:
Maintained Proposed amount as 250,000 and actuals is 100000.
system has picked exemption amount as 50,000 correctly.
For further if you maintain 584 infotype with 200000. system will pick total 2,50,000 as exemption amount.
Anand
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