Contact Us : 89-89-822-899

TAX REBATE ON DONATION

Section 80 - G : Deduction in respect of Donations to certain charitable institutions

If a person donating any amount (upto the extent of 10% of his/her gross total income) to any charitable institution to which this section applies, He/She will be entitled to get deduction of 50% of total donation amount from his/her total taxable income. By this he may save tax upto 15% amount of total donation amount as given to above charitable institution.


Illustration :

Person Gross Total Income Rs. 12,00,000/-

Total Tax Liability (AY 2017-18) 190550/-, if there is no deduction and no donation

Now if donates Rs. 1,20,000/- to Sewa Bharti


His Total Tax Liability for the Assessment Year 2017-18 will be Rs. 172010/-


Total Saving in Tax Will be Rs. 18540/- i.e. 15.45% of Total Donation Amount.


Contact Us

Sewa Bharti , Indore
34,Tilak Path, (Behind Nagpur Nagarik Sahakari Bank Limited)

Rambagh, Indore -452007

Office timings 11 AM to 6 PM (Sunday closed)

Phone Office - 0731-2548483

Mobile & Whatsapp

89- 89 - 822 - 899

E-mail

sewabhartimalwaprantmp@gmail.com

Copyright © 2017 Sewa Bharti Malwa. All rights reserved.