The money is deductible from taxable income.
Article the purposes of item (4) of Article 3 of the Tax Law, the phrase "a specific payment of income from remuneration for personal service is excessively high" shall mean a payment received as remuneration for personal service with an amount of taxable income exceeding RMB 20,000.
"The part of individual income donated to educational and other public welfare undertakings, shall Be deducted from the taxable income in accordance with the relevant regulations formulated by the State Council."