Harsh Mehta (21 Points)
16 June 2024Hi,
My gross income is 20L. After 80C and HRA deductions net income is 14L.
I ve made donation to an eligible institute which falls under 50% category of 3.4L. While applying for 80G exemption the eligible amount of donation is coming to be 70K instead of 140K (which is 10% of net income)
Can someone guide please
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178033 Points)
Replied 17 June 2024
That is because the 80G eligibility for the institute is under 50% category.
Harsh Mehta
(21 Points)
Replied 17 June 2024
Thank you sir for reply!
Since I've donated 3.4L, 50% of it is 1.7L and not 70K
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178033 Points)
Replied 17 June 2024
10% of the net income ............ & its 50% eligibility.........
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178033 Points)
Replied 17 June 2024
Yes, whatever way you calculate, but interpretation of the act is as suggested above.
sabyasachi mukherjee
(27574 Points)
Replied 17 June 2024
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