100% INCOME TAX DEDUCTION FOR DONATION
GET
100% DEDUCTION FOR YOUR DONATED AMOUNT IN INCOME TAX
Donation to National Children’s Fund to qualify for 100% deduction under
section 80G
(i) Under section 80G, an assessee is allowed a deduction from his total income
in respect of donations made by him to certain funds and institutions.
(ii) The deduction is allowed at the rate of 50% of the amount of donations made.
However, in the case of donations made to certain funds and institutions
specified in section 80G(1)(i), being funds of national importance, deduction is
allowed at the rate of 100%.
(iii) Upto A.Y.2013-14, deduction was allowed at the rate of 50% in respect of
donations made to the National Children’s Fund.
(iv) Since the National Children’s Fund is also a fund of national importance,
section 80G has been amended to allow a 100% deduction in respect of any
sum paid to the fund
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