24.Donation Qualifying Amount Rate Actual total of 1 to 10 or 10% of gross taxable income whichever is less is Q.A. Out of Q.A. : 100% of donation for Family Planning + by a company to Indian Olympics Association and balance 50% B. With limit donations 1. To State Govt. 2. To Local Authority 3. To Educational Institutions 4. To Charitable Institutions 5. To Sports Institutions 6. To a corporate set up to protect the interests of minorities 7. To an authority constituted for development of housing and planning of cities and towns 8. To a place of art, public worship or historical importance (so notified) 9. To an institution or association engaged in promotion of family planning in India 10. Any sum paid by a company to Indian Olympic Association for development of infrastructure and sponsorship of sports and games in India Gross Taxable Income = Gross Total Income [Long term capital gain + All deductions u/s 80 except 80G + Rebateable Income, if any + Short term capital gain on shares which are subject to STT ] Rebateable Income = Share of income from AOP provided total income of such AOP exceeds the exempted limit i.e. 2,00,000.