Limits under IT ACT

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SectionLimitConditions
12 - Donation5% of ATI or 100,000 whichever is lowerDonation or contribution made to a tax-exempt organization (Donation prescribed in Nepal Gazette shall be available in Full)
12A - Heritage Protection and Development of SportsActual Expenditure/10% of Assessable Income/10 Lakhs, whichever is lowerOnly for Companies/Prior approval of IRD Required
12B - Contribution to Prime minister relief fund100% of contribution--
63 - Contribution to Approved Retirement FundActual Contribution/ 1/3rd of Assessable Income/ RS 300,000 , whichever is lower. (1/3rd of assessable income or Rs 500,000 for contribution to SSF)Available to a Natural person
14(2)Interest income + 50% of ATI or actual interest paid, whichever is lowerif paid to by exempt controlled entity
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Section	Limit	Conditions
12 - Donation	5% of ATI or 100,000 whichever is lower	Donation or contribution made to a tax-exempt organization (Donation prescribed in Nepal Gazette shall be available in Full)
12A - Heritage Protection and Development of Sports	Actual Expenditure/10% of Assessable Income/10 Lakhs, whichever is lower	Only for Companies/Prior approval of IRD Required
12B - Contribution to Prime minister relief fund	100% of contribution	--
63 - Contribution to Approved Retirement Fund	Actual Contribution/ 1/3rd of Assessable Income/ RS 300,000 , whichever is lower. (1/3rd of assessable income or Rs 500,000 for contribution to SSF)	Available to a Natural person
14(2)	Interest income + 50% of ATI or actual interest paid, whichever is lower	if paid to by exempt controlled entity