Hello Sir/Madam,
I am working in the IT field with a salary of 45lac per annum.
Around 10lacs is tax even after I have declared all 80c and home loan deductions.
I would like to understand if the donation made to build a room(~10lacs) for pilgrims stay in Srisailam temple can help to make my tax exemption and if yes, how much will be the limit and tax exemption?
Menu
Donation limit and exemption
Replies (4)
Sec 80G
purchase house property avail loan get deduction.
purchase house property avail loan get deduction.
@ Suresh..
Your total income say... 45 lakhs...
Your adjusted total income (for calculation of 80G) would be around... 40 lakhs...
If trust comes under 50% donation category with 10% of adjusted total income....
Your maximum 80G claim cannot exceed Rs. 2 lakhs..
The amount need to be paid by cheque to trust with some formalities specified in IT act..
Trust is not mentioned here. Comment accordingly.
It is beyond your understanding...
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
