Most of my income is given away in charity and I am left with just enough money to meet my personal requirements. What will be considered as my income? - Tax India

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Thursday, February 22, 2018

Most of my income is given away in charity and I am left with just enough money to meet my personal requirements. What will be considered as my income?

 Most of my income is given away in charity and I am left with just enough money to meet my personal requirements. What will be considered as my income?
​​​​​What is done after the income is earned by you will not give you tax exemption. However, contribution to approved institutions will give you the benefit of deduction from taxable income under section 80G​ subject to limits specified therein

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