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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 ..
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