COMPUTATION OF DEDUCTION U/S 80G
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CATEGORY
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GQA (Total Amount Donated)
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NQA
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Amount of Deduction
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I (17 Items)
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100%
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100% of GQA
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100% of NQA
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II (5 Items)
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100%
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50% of GQA
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100% of NQA
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III (2 Items)
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100%
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100% of GQA
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100% of NQA*
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IV (5 Items)
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100%
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50% of GQA
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100% of NQA*
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*Deduction under category III & IV cannot exceed 10% of ATI
ATI(Adjusted Total Income) means Gross total income as reduced by
Deduction permissible u/s 80C to 80U except 80G.
Income referred u/s 111A, 112, 115BB (because chapter VIA deductions not available to such incomes)
CATEGORIES OF FUNDS
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CATEGORY – I
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CATEGORY – II
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CATEGORY – III
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CATEGORY – IV
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17 FUNDS
(No need to remember)
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1. PMDRF
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1. For promoting family planning(donated to govt., LA, AA)
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1. Donated to public charitable trust.
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2.Jawaharlal NMF
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2. Donated to govt. or LA for charitable purpose.
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3.National Children’sfund
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3. Amount donated for renovation of notified temple, Mosque, Church or Gurudwara.
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4.Rajiv Gandhi Foundation
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2. Contribution by company to IOA or to any associations u/s 10(23).
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4. Any donations to corporation of a govt. for promoting interest of SC, ST, BC.
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5.Indira Gandhi MF
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5. Donations to authority set-up for providing housing accommodation or town planning.
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