21 July 2019
This is regarding query in relation to 80 G deduction.
Say if Adjusted GTI is 600000 & Donation amount is 110000.Total deduction U/S 80 G should be lower of 55,000 (50% of 110000) vs 60,000 (10% of 600000).
Final Donation deduction=55000.
Please let me know if above calculation is correct or is there any change in tax laws last year.