ITR AY 24-25 | 80g exemption

Hi,

My gross income is 20L. After 80C and HRA deductions net income is 14L.

I ve made donation to an eligible institute which falls under 50% category of 3.4L. While applying for 80G exemption the eligible amount of donation is coming to be 70K instead of 140K (which is 10% of net income)

Can someone guide please 

Replies (6)
Quick Summary
This discussion clarifies the calculation of the 80G exemption for donations. The user's net income is 14L after other deductions, and they donated 3.4L to an institute eligible for a 50% deduction. The confusion arose because the eligible exemption amount was calculated as 70K, not 1.7L (50% of the donation). The explanation confirms that the 80G exemption is capped at 10% of the net taxable income, meaning the actual deductible amount is limited by this threshold, even if the donation itself or the institute's category suggests a higher potential deduction.

That is because the 80G eligibility for the institute is under 50% category.

Thank you sir for reply!

Since I've donated 3.4L, 50% of it is 1.7L and not 70K

10% of the net income ............ & its 50% eligibility.........

Oh okay 

So 5% of net income in short....

Yes, whatever way you calculate, but interpretation of the act is as suggested above.

80G EXEMPTION FOR DONATION SUBJECT TO APPROVED BY IT ACT

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