The qualifying amount for deductions under section 80G is the 10% of the adjusted gross total income. Wherein you can calculate gross total income by using the formula mentioned below: -
Adjusted gross total income= Gross total income – amount deductible under sections 80C to 80U except section 80G – exempt income – long term capital gains – short term capital gains under section 111A – taxable income at a special rate under various sections like 115A,115AB, 115AC, 115AD and 115D.
Worried about your income tax return? We can help! Reach us here.
Comments
1 comment
It's really great that u take initiative to tell people about this and your way of representation of thought is really good.
We can understand out problem very easily and get our answers faster.
Please sign in to leave a comment.