80g
This query is : Resolved
28 January 2014
I want to donate 25000 in charitable trust in which section I get deduction 80G or 80C n how much?
28 January 2014
donations to charitable trusts are covered under 80G
the deduction amount is computed is as under:
lesser of
50% of the amount donated or
50% of 10% of income less (any exempt income or any deduction under any other chapter)
For eg: If your income is Rs 3.5 lakhs and you donate Rs 50 thousand.
So deduction shall be 50% of 50 thousand or 50% of 10% of 3.5 lakhs, whichever is less. In this case it shall be 17,500.
the deduction amount is computed is as under:
lesser of
50% of the amount donated or
50% of 10% of income less (any exempt income or any deduction under any other chapter)
For eg: If your income is Rs 3.5 lakhs and you donate Rs 50 thousand.
So deduction shall be 50% of 50 thousand or 50% of 10% of 3.5 lakhs, whichever is less. In this case it shall be 17,500.
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