Tax Deduction Limit for Donation

Mamtajadhav0101 Dec, 2021Other

To promote the concept of charity towards the poor and the needy, the Indian government has been encouraging people to donate, which can be claimed as a deduction under Section 80G. There are several government organizations as well as NGOs which work for the upliftment of the poor and you, as a taxpayer, can make donations to these specified organizations that will ensure that this contribution is utilized for the right purposes. To motivate people to donate, the Indian government also allows for income tax deductions under Section 80G of the Income Tax Act. The amount which has been donated by a person is allowed to be claimed as a deduction along with a donation tax deduction limit under Section 80G while filing an income tax return.