80G EXEMPTION
Querist : Anonymous
Total salary income Rs. 300000/-
80C 50000
80G Rs. 15000/- (save the childrend Fund 80 G Exempt)
How much amount is eligible for 80G and what is my taxable income
Thanks in advance
Salry -- 300000
less- 80c 50000
less 80G -12500
Total taxable salary - 237500
Querist : Anonymous
but why 12500/-
IN YOUR CASE ADJUSTABLE INCOME IS RS. 250000
AND UNDER SEC 80G DEDUCTION IS AVAILABLE UPTO 50% OF ADJUSTABLE INCOME
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