Good Work Leads to Tax Benefits

Act of kindness can be sealed-off by none. India has seen a great increase in the number of donors over the decade. According to World Giving Index report 2014, more than 180 million in the country contributed money for a good cause. What motivates them to do so could have various reasons; being aware of the issues in the society, understanding deeply how financial aid can solve the issue and trusting an organisation which works towards curbing those issues. But how can you benefit from aiding a social cause? Here’s your answer.

The Akshaya Patra Foundation, an NGO feeding mid-day meals to more than 1.5 million government school children in India, gives you the benefit to avail 100% tax exemption. The Foundation has been built on the belief that no child in India should be deprived of education due to hunger. Therefore, as an act of goodwill, the organisation started a Mid-Day Meal Scheme in 2000 with a view to enhance school enrolment and curb classroom hunger. Like Socrates once said, ‘Education is the kindling of a flame, not the filling of a vessel.’ Although it is a government’s rule that children below the age of 16 are given free education, many children still choose menial jobs because the survival of family demands it.

You as a donor can avail tax exemption with Akshaya Patra which is registered under section 35 AC/80 GGA of the Income Tax Act 1961. It allows resident taxpayers to sanction 100% tax exemption for every donation above Rs. 500. This is especially beneficial since most other NGOs are registered under Section 80G of the Income Tax Act which allows you to sanction only a 50% tax exemption. Once we receive the tax deductible donations, you will receive a proof of your contribution. Within ten days of making the donation, you will receive an acknowledgment receipt, a 100% tax exemption certificate and a Thank you letter via post from The Foundation.

If you are an NRI (Non-Resident Indian) and would like to make a contribution, you will also be eligible for the 100% tax exemption under section 35 AC/80 GGA of the Income Tax Act. Thanks to the Government of India and the donors, Akshaya Patra has grown by leaps and bounds. While there are multiple donation options on our website, you also have a choice of creating a personalised fundraising campaign on the website or on Akshaya Patra's mobile app. Once you create the campaign for a certain amount, you will be able to track the progress and share the campaign on social media as well.

Today, The Foundation feeds nutritious and wholesome meals to more than 1.5 million children across India. In a country where more than 200 million people go hungry every day, it becomes a necessity for the society to get involved to witness a greater change. We are inching towards that transformation while we aim to feed 5 million children by 2020 to ensure they lead a fuller life! To support our cause, you can make your donation online.