80ggc deduction: Section 80GGC of the Income Tax Act

Section 80GGC of the Income Tax Act allows individuals to claim a tax deduction on the amount donated to political parties or electoral trusts. The unique feature of this section is that you can avail of a 100% deduction on the amount donated, with no upper cap, as long as the total deduction does not exceed your total taxable income. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc. Section 80GGC of Income Tax Act: Know the deduction limit, maximum limit, tax benefits, eligibility criteria, documents required to avail tax deductions under section 80GGC. Section 80GGC of the Income Tax Act, 1961, allows taxpayers to claim a deduction for donations made to political parties or electoral trusts. Explore its benefits, deductions, limits and criteria.