Key Points
By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount donated..
However, there are certain limits and conditions that need to be fulfilled to avail of these deductions..
All taxpayers, whether resident or non-resident, who have donated money to prescribed funds, institutions, or associations are eligible to claim a deduction from gross total income before levy of tax, under Section 80G..
If the total amount donated to those specified funds or institutes exceeds 10% of your adjusted gross total income (GTI), any excess amount beyond the 10% limit will not be eligible for deduction...
The Finance Act of 2023 has amended Section 80G to state that donations made to the following name-based funds: Jawaharlal Nehru Memorial Fund, Indira Gandhi Memorial Trust, and Rajiv Gandhi Foundation, will no longer be eligible for deduction under Section 80G..
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