Limit for Donations in IT 80G

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Business
62 Points Posted on 10 December 2020
what is the limit for Donations who has limit above 10lakhs income
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On 10 December 2020 at 22:30 Report
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This discussion clarifies the limits for donations under Section 80G of the Income Tax Act. The allowable deduction depends on the nature of the donation, with percentages ranging from 10% to 150% of your gross total income. For those earning over 10 lakhs per annum, understanding these categories is crucial for maximising tax benefits.

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Tax consultant
5895 Points Posted on 11 December 2020
Can you be little clearer
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On 11 December 2020 at 00:50
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12244 Points Posted on 11 December 2020
Depending upon the nature of donations, the deduction allowed would be 150%, 100%, 50% or 10% of the gross total income. if you could elicit the nature of donations, then I could say under which category it lies among the aforesaid 4 percentages
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On 11 December 2020 at 03:41
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Business
62 Points Posted on 16 January 2021
Salary Income 10+ per Annum
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On 16 January 2021 at 18:46

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