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Dear sir, I paid some Donation to School so If i am Having the Donation Paid slip do I get any Income Tax Benefit From this ? I am working for a company where i have to Submit all the Tax related Papers like LIC paid receipt etc for tax Benefit Accordingly my Company Deduct tax and Pay my salary I have Submitted the Donation Paid slip to the Company but the Company denied that there is no Provision for Donation in Income tax Pls Confirm is it True Thanks Ronald Mascarenhas mail: [email protected] asked Feb 18 '12 at 22:25 by ronald 1●1●1●1 |
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If school is registered to accept donation under section 80G (should be written on donation slip), then income tax deduction should be available u/s 80G. if applicable, 50% amount of donation would be deducted directly from taxable income. Tax deduction u/s 80G is available at the time of income tax return filing. Employer generally don't accept such proof. answered Feb 20 '12 at 23:00 by Pankaj Batra 5.2k●3●20 |