Calculation of income tax u/s 80g

Total Income 1000000

Less: 80C 150000

Less: 80G 42500

Net Income: 807500

Income tax: 89095

Less TDS: 10000

Less: Advance tax 70000

Income tax 9095

Add: Education cess and interest

Thanks For Reply Madhavi Mam,

but 80 G deduction of Rs. 42500, how?

i read about 80 g deduction is  10% of Adjustable GTA and 50% of charitable donation whichever is low.

My GTA of 80 G - 850000, 10% of 850000-  85000 

Donation - 150000  -  150000*50%            - 75000

according to me 80G deduction will be 75000.

Please tell me m i right or wrong?

Your GTA is 850000 after deduction u/s 80C.

So 10% of GTA is the eligible amount -Rs 85000.

50% of eligible amount -Rs 42500/- is the deduction u/s 80G