Make Tax Deductible Donations to Charity

Upholding the quality of your generous self, you may look for opportunities to give back to the society. One of the major reasons which urges people to make donations, is ‘the feel-good factor.’ Additionally, contributing to NGOs can also make you eligible for receiving tax exemptions. However, there a few things you need to ensure before making any contribution:

– Is the NGO registered?

– Is it a trustworthy organisation?

– Is your money being utilised diligently?

– What are the transparency policies of the organisation?

– Whether the organisation is eligible to give tax exemptions to its donors?

Donate for children and save tax

In order to encourage more people to engage in charitable acts, The Government of India has made provisions to help tax-payable citizens save tax on every charitable donation, under section 80G of Income-tax Act, 1961. When you donate to charity, you can claim IT exemption of 100% or 50% of the donation amount. This depends upon the criteria set by the Income Tax Act. Common examples of organisations you can make tax exemption donation towards are: public charitable trusts, non-governmental organisations, relief funds and the like.

What are the limitations under section 80G?

Once you make a donation to support NGOs with a cheque, draft or cash, you are eligible to claim deductions u/s 80G. However, donation made in kind like groceries, vegetables, clothes, medicines, etc., cannot be claimed as tax deductible donation under section 80G. Also, 2018 onwards, donations made in cash, more than ₹2000, are not allowed as deductions.

Donate towards The Akshaya Patra Foundation & save tax

The Akshaya Patra Foundation is registered as a non-profit organisation and is recognised as the world’s largest NGO-run school meal programme. The Foundation feeds 1.8 million children in 52 locations spread across 12 States and 2 Union Territories of India. Akshaya Patra serves locally palatable meals in 19,039 schools. For example, Sambar and Rice is served in Karnataka, Pappu and Rice is served in Andhra Pradesh, Boondhi Kadhi is served in Chhattisgarh and Dal Dhokali is served in Gujarat.

The Akshaya Patra Foundation feeds 18,00,907 children studying in Government schools and Government-aided schools in India. It aims to feed 5 million children by 2025 with the vision, ‘No child in India shall be deprived of education because of hunger.’ For the last 20 years it has been feeding wholesome meals to children belonging to challenging socio-economic backgrounds. These meals are a great intervention into bringing children back to school every day. These school meals help in holistic development of children. Usage of nutritious vegetables and pulses help children in their physical development and also in focussing better during their school hours.

You can donate towards providing unlimited food for education to children by donating ₹1100 towards The Akshaya Patra Foundation to feed 1 child with a year full of healthy and nutritious meals on every school day.

Donate towards making tomorrow, healthy future for children.

Healthy children make a healthy nation!

Show your support to the future of the Nation!

Income Tax deduction through Non-Government Organizations in India

You could be either a salaried employee or an entrepreneur, you are a taxpayer in the country by default. However, to reduce your income tax liability, there are various allowances available for exemption of tax. You can claim tax deductions by investing in House Rent Allowance, Leave Travel Allowance, Food coupons, Home Loan, Non-Government Organizations (NGO), etc.

There are approximately 3-3.6 million NGOs in India.

An NGO is a Non-Governmental Organization that aims at doing something good to others without any expectation.

Have you contributed towards an NGO? If your answer is no, you have one major reason to save on your taxes – Donation.

There are various NGOs that help you donate by charity.

Doing charity is a selfless act. To encourage donating for good causes, the Income Tax department allows people to claim exemption under Section 80G on the amount that is donated to NGOs and charities.

Donate to NGOs and avail tax benefits

The Akshaya Patra Foundation is an NGO in India that works consistently towards providing healthy, nutritious meals to school-going children. It reaches out to 18,02,517 children in 51 locations across 12 States & 2 Union Territories of India and provides freshly cooked meal on all school days. They implement the Mid-Day Meal Programme in 16,856 schools across the country. It strives to reach out to all the children and provide them with the much-needed school meals.

You can be an active part and contribute actively towards NGOs for the betterment of the society. The Government of India introduced Section 80G as tax exemption in India. Under this Act, the amount that is donated towards an NGO can be claimed as a deduction while you file your IT returns. However, the charitable trust should be registered to offer you exemptions from taxes. The donor can claim IT exemption of 100% or 50% of the donation amount depending upon the criteria set by the Income Tax Act.

For any NGO to be fully operational and functional, financial contributions are essential. Every denomination of your money is utilized towards achieving the agenda of the NGO If you donate to Akshaya Patra, your money will be used to providing wholesome, mid-day meals to school children going to Government and Government-aided schools.

Making donations for such initiatives will make lives of other people better. Apart from that, the joy that you experience on thinking ‘That child wasn’t going to school because he couldn’t concentrate in class due to hunger. But because I donated for the child’s meal, he doesn’t miss a day of going to school.’ This is when you are a proud human being.

If you want to identify yourself as life-changer, contribute regularly to any charity that you can connect with. Click here to make your donation today! Your efforts today will build a better, healthy and energetic generation tomorrow.