Menu
Tax rebate
I have invested 4 lakh in GPF and 2 lakh donated u / s 8 0G to Maharaj jagat Singh medical relief society amritsar. so how much tax rebate can I get? kindly send answer to me.
Replies (2)
I think GPF means PPF so you will get total 1,50,000 of PPF u/s 80c and 1,00,000 of donation u/s 80G.
50% of amount donated
you will total deduction of 150000 INR u/s 80C and u/s 80G you will get.... 50% of 10% of ADJUSTED GROSS TOTAL INCOME OR AMOUNT DONATED WHICHEVER IS LOWER ..
Recent Topic
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
Related Topics
CAclubindia
