80g tax exemption

The 80g limit refers to a provision under the Indian Income Tax Act that allows individuals and organizations to claim deductions for donations made to eligible charitable institutions. Under Section 80G of the Act, donations made to specified institutions are eligible for a deduction from taxable income. However, there is a limit on the deduction that can be claimed, which is currently set at 80% of the donated amount. This means that only 80% of the donated sum can be claimed as a deduction while computin