#TaxSaving #Deduction #Sec80G

Who can claim deduction under Section 80G?
Any person can claim deduction u/s 80G. It doesn’t matter if the assessee claiming deduction is an individual, HUF, Company etc. The only condition is that, donation must be made in specified funds & institutions only.

Who can claim deduction under Section 80G?
Any person can claim deduction u/s 80G. It doesn’t matter if the assessee claiming deduction is an individual, HUF, Company etc. The only condition is that, donation must be made in specified funds & institutions only.


What type of donations are eligible for the deduction under section 80G?
Only specified donations mentioned in income tax act are eligible for deduction u/s 80G.


How much amount of deduction is allowed under section 80G ?
While your generosity may know no limits, tax benefits on donations do. Some donations are allowed 100% deduction while some have limits. Read below to know how much deduction your donation is eligible for.


How to calculate the amount of tax deduction under section 80G of the income tax?
Section 80G broadly categorize donations under 2 heads. First, donations without any maximum limit & second, donations with maximum limit.

These 2 categories further have sub-categories. You can refer to the diagram below for more clarity.

It is important to note that, from FY 2017-18, any donation in cash exceeding ₹2,000 will be disallowed.

*Maximum limit means, that such donation will be given tax benefit only to extent of 10% of Adjusted GTI.

Individual, HUF and Comapny

Deduction under 80 G-

100% Deduction without qualifying limit & 50% Deduction without qualifying limit

100% Deduction amount with qualifying limit

50% Deduction with qualifying limit

Cash donations up to only Rs 2000 will be allowed for claiming deductions

Documents-
Receipt
Registration No.of Trust on Receipt
Photocopy of 80G Certificate

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