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Regarding 80G....

Tax queries 436 views 2 replies
I hv a small doubt. While calculating the deduction u/s 80 G we take into consideration the 10% of adjusted GTI. Adjusted GTI= GTI- deductions u/c VI A (assuming no shares income ) so if my GTI was like 350000 and u/c VI A i invested... 80C-100000 80D-30000 so will the adjusted GTI be 350000-100000-30000= 220000.. and deduction in 80G upto 10% of 220000= 22000....Is It True....
Replies (2)

Yes.... its True.. But u can claim only 50% (100% applicable only for few donations).

So u can claim 11000 (50% on 22000)

Dear Deepak, Friend Vignesh is rite


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