Deduction u/s 80G is restricted to 10% of Gross Total Income. For some donations paid the quantum of deduction is restricted to 50% of the amount donated.
My Gross Total Income is Rs.5,10,000 . I have donated an amount of Rs.5 Lakh which are eligible for 50% deduction.
What is the eligible deduction for this case?
Is it Rs.51,000 ?
(5,00,000*50% - restricted to 10% of 5,10,000 = 51,000) or
(5,10,000*10%*50% = 25500)