Thursday, 7 May 2020

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?



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!

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