Mr.Ganesh, a businessman whose total income (before allowing deduction u/s 80 GG) for Assessment Year 20-21 is Rs.4,60,000 paid house rent @ Rs.12,000 p.m. in respect of residential accommodation occupied by him at Mumbai. Compute the deduction allowable to him under sec 80 GG for Assessment Year 20-21.
1
60,000
2
1,15,000
3
98,000
4
46,000