Exemption u/s 80g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2012 Dear sir,
I look forward to have a reply from my learned friends how much should be taken for computation of salary TDS if any employee donate Rs. 2000.00 to "save the children" organisation.

Thanks & regards

A. Ghosh

Amol S Joglekar

Amol S Joglekar (Expert)
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21 December 2012 While computing TDS from salary, do not consider any donation unless they are for 100% e.g. PM's relief, National Relief etc.

swasti

swasti (Expert)
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21 December 2012 Agreed with Amol Sir. Let the employee take the benefit u/s 80G while filing his/her return.

Preety Chawda

Preety Chawda (Expert)
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21 December 2012 If The mentioned organization is an approved organization, Then, Donation allowed as deduction u/s 80G will be restricted to 50% of the (10% of adjusted Gross Total Income)
I.e say for example, the Gross total Income after taking into a/c & after deducting all the deductions mentioned u/s 80 (except deduction u/s 80G), say comes to Rs. 300000/- deduction allowed will be
=50%*10%*300000/- = 15000/- or Rs. 2000/- actually paid , whichever is lower.