Donation is a noble task. In order to do favour for the Kind heart persons who donated for noble purpose, Income Tax department is providing Tax benefits to those persons.
Contributions made to certain relief funds and charitable institutions can be claimed as deduction from tax under section 80G of Income Tax Act. However, contributions made to all the institutions are not eligible for deduction.
Deduction under this section is not restricted to any specific category of persons or assesses. Any Tax payer can claim this deduction for making donation towards an approved charitable institution.
Net Qualifying Amount refers to the 10% of the adjusted gross total income or the donations/ contributions made (excluding the donation/ contribution to the specified funds as mentioned in Table-1 and Table -2), whichever is less.
Calculation of Adjusted Gross Total Income
“When you donate to the for noble cause not only GOD gives blessings,
But also, Tax Department gives Tax benefits.”