ITR AY 24-25 | 80g exemption

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.