banner_ad

exemption u/s 80G

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 March 2009 what is the limit of u/s 80G. suppose i got Rs. 10,00,000.00 p.a. & my investment is under section 80C Rs. 40,000.00, i want to give a donation to a registered trust of Rs. 3,00,000.00 then what amount is exempt u/s 80G.
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
03 March 2009 Well, if it is a private trust with 50% exmption eligibility than , you eligible exemption shall be limited to GTI-Deduction u/s80C to 80U. In this case 10% of 940000/-.
Profile Image

Rajeev

Profile Image

Rajeev (Querist)
03 March 2009 you mean:
1000000-40000=960000*10%=96000
or
150000*50%=75000
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
03 March 2009 Your donation amount eligible for deduction shall be 96000. On this amount you will get benefit of 50%, ie 48000/-. If you are in bracket of 30% slab then your tax saving will be 48000*30% = 14400/- only.
Profile Image

Rajeev

Profile Image

Rajeev (Querist)
03 March 2009 Thanx:)
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
11 December 2009 I think in any Private Trust which you have donate of 50% less from your taxable income...u/s 80G
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
30 December 2009 Thanks Mr. Tarun
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details