80g

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Riddhi shah

Riddhi shah (Querist)
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28 January 2014 I want to donate 25000 in charitable trust in which section I get deduction 80G or 80C n how much?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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