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.
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.
CAclubindia
