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80g deduction

This query is : Resolved 

10 August 2014 Dear experts,
Pls let me know which of the calc is correct

Calc 1. Adj. GTI - 10,00,000

a. Total donation made (eligible@50% subject to 10% of adj. GTI) - 1,20,000

b. 10% GTI - 1,00,000

Deduction u/s 80G- 50% of lower of a&b-1,00,000 i.e, 50,000

Calc 2. Adj. GTI - 10,00,000

a. Total donation made (eligible@50% subject to 10% of adj. GTI) - 1,20,000

b. 10% GTI - 1,00,000

c. 50% of donation - 60,000

Deduction u/s 80G- 60,000 i.e lower of b&C

When i was trying to file a return in the Java utility (ITR 1) i was allowed deduction of 50,000 i.e, calc 1. Pls suggest whether it is an error in ITR or my understanding (i thought 60,000 was correct).


21 August 2014 Rs.60 K is correct anw. for this query


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