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Hi everyone....I am working in a company locate...

Hi everyone....

I am working in a company located in Haryana. I want to donate my 1 month salary to trust. I asked my employer to directly deposit my salary in trust's bank account. Can I do so without having to pay any tax on such donated amount?

Hi everyone....

I am working in a company located in Haryana. I want to donate my 1 month salary to trust. I asked my employer to directly deposit my salary in trust's bank account. Can I do so without having to pay any tax on such donated amount?

0
Jeeba Lal Jun. 14, 2018

No, You have to pay tax on your salary donated to trust.
This is the case of foregoing of salary. Income Tax Act states that once salary accrue, subsequent waiver by employee does not reduce his liability to pay tax. Such waiver just amounts to application of salary and therefore it is chargeable to tax.
However, there is no need to worry. If trust has obtained 80G certificate then you can claim the deduction for the donated amount while filing return.

0
Jeeba Lal Jun. 14, 2018

No, You have to pay tax on your salary donated to trust.
This is the case of foregoing of salary. Income Tax Act states that once salary accrue, subsequent waiver by employee does not reduce his liability to pay tax. Such waiver just amounts to application of salary and therefore it is chargeable to tax.
However, there is no need to worry. If trust has obtained 80G certificate then you can claim the deduction for the donated amount while filing return.

Hi everyone....

I am working in a company located in Haryana. I want to donate my 1 month salary to trust. I asked my employer to directly deposit my salary in trust's bank account. Can I do so without having to pay any tax on such donated amount?

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