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.
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
76 "Archana", Rambagh, Indore (M. P.) – 452007
Office Timings: 11:00 AM to 6:00 PM (Sunday Closed)
Landline: 0731-2548483
Mobile & WhatsApp Numbers:
+91 89898 22899, +91 98937 64540
Email:
sewabhartiindore@gmail.com