How do tax exemptions on donations work?
- 1155
- 3
-
- Last Comment
I made a donation to Smile India Trust for Rs. 500
Can I use the receipt in some way? what is 10/50/100% deductible? If I donate for Rs.2000, do I have to pay -2k in taxes?
Already googled but whatever is written goes over my had.
Expired
2 Comments
|
3 Dimers
- Sort By
https://www.desidime.com/discussions/how-do-tax-exemptions-on-donations-work?page=1#post_8368515
100% deduction also in case of donation to political parties
Click here to reply
Reply
Whatever you donate to Smile India Trust or any other trust registered under 80G, 50% of the donation will be allowed as deduction from your taxable income (not taxes).
100% deduction is available for certain funds like PM relief fund.