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Transcript

teachoo.com If Donation made to PM/CM Relief fund 100% Deduction (No Condition) Example Income from Salary 500000 Donation to PM Relief fund 400000 80G Deduction 100% of Amount Donated 400000 Gross total Income 500000 Less 80G 400000 Net total Income 100000 If Donation made to NGO or Temple 50% Deduction (Deduction cant be more than 10% of income) Example Income from Salary 500000 Donation to NGO 400000 80G Deduction 50% of Amount Donated 200000 10% of Income 50000 Minimum 50000 Gross total Income 500000 Less 80G 50000 Net total Income 450000 SECTION 80G

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.