Exemption under section 80G

Dear Pankaj, Can you please let me know the % of deduction that can be claimed as exemption for a trust that is issued certificate under 80G(5)(vi). I donated an amout of Rs25000/- for this institution in FY2012-13. Thanks in advance.

asked Jul 26 '13 at 12:18 by Ramakrishnarao 1●2●3

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50% of the donation amount shall qualify for exemption from income tax, but maximum exemption would be limited to 10% of gross income.

answered Jul 27 '13 at 14:24 by Pankaj Batra 5.2k●3●20

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income-tax ×778
tax-exemption ×81
section-80g ×9
donation-amount ×5
80g-5-vi ×1

Asked: Jul 26 '13 at 12:18

Seen: 1,661 times

Last updated: Jul 27 '13 at 14:24

Exemption under section 80G

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