How To Save Tax By Donating to an NGO?
How To Save Tax By Donating to an NGO? How To Save Tax By Donating to an NGO? Donating to an NGO helps people in need and also provides tax benefits. Many NGOs in India are recognized by the government, allowing donors to get tax savings on their contributions. A report by Charities Aid Foundation (CAF) India found that individual donations made up 32% of total charitable contributions in 2022, showing that more people are choosing to give. Another study by Bain & Company (2023) revealed that tax benefits encourage about 40% of donors in India to contribute. Giving to a registered NGO supports causes such as education, healthcare, and poverty relief while also helping you reduce your tax burden. To claim tax benefits, donations to DEEP Trust should be made through digital payments with proper receipts. Tax Advantages of Donating to an NGO donation under 80g Cash donations to registered NGOs in India can be utilized under Section 80G of the Income Tax Act to claim tax exemption. Depending on the organization, you can claim a deduction of either 50% or 100% of the donation amount. This type of deduction helps you lower your taxable income and, hence, pay less tax. Donations to Specific Causes By donating to specific causes such as education, healthcare, and poverty alleviation, you contribute to social development while also availing tax benefits. Many NGOs focus on targeted social issues, ensuring that your contributions make a significant impact. Social Responsibility Donating to NGOs is a way of fulfilling social responsibility. Your contribution helps uplift underprivileged communities, supports critical welfare projects, and creates sustainable change. Giving back to society strengthens the social fabric and promotes overall well-being. Why Should You Choose DEEP Trust for Donations? DEEP Trust is a dedicated nonprofit organization committed to transforming lives through welfare, healthcare, and educational initiatives. By donating to DEEP Trust, a tax-saving NGO in Hyderabad, you ensure that your contribution reaches those in genuine need, supporting programs that provide medical aid, quality education, and community upliftment. As a registered entity under Section 80G, your donation is not only impactful but also eligible for tax exemption. With a strong focus on transparency and accountability, we ensure that every contribution is utilized effectively for the betterment of society. Join us in making a difference—your support can change lives! How Can I Donate to DEEP Trust? Donating to an NGO creates a positive social impact while also providing financial benefits through tax relief. Donate to save income tax while supporting a trusted organization such as DEEP Trust and make a difference. You can donate through their official website by selecting a donation plan of your choice. It is a quick and safe process that allows you to contribute using online payment options. After making the donation, you will be provided with a tax-exempt receipt. FAQs Do Cash Donations Also Have Tax Exemptions? Donations in cash are exempted from tax only if they do not exceed Rs. 2,000. Donations in cash exceeding Rs. 2,000 have to be made through banking modes like cheque, demand draft, or electronic transaction to be exempt from tax. What is the Minimum Amount for Tax Exemption? There is no minimum donation amount to get tax exemption. But to confirm that your donation is tax-exempt, it should be made to an NGO that is registered under Section 80G. How long does it take to receive tax receipts? Tax receipts are given by most NGOs within a couple of days after receiving the donation. The receipt is required to claim tax benefits and should be retained to file income tax returns. What is Section 80G of the Income Tax Act? Section 80G permits taxpayers to avail relief for contributions made to specific relief funds and charitable trusts. Contributions to NGOs approved under this section are eligible for tax relief. The permissible deduction varies depending on the type of NGO as well as the reason for the donation. Donations in cash are exempted from tax only if they do not exceed Rs. 2,000. Donations in cash exceeding Rs. 2,000 have to be made through banking modes like cheque, demand draft, or electronic transaction to be exempt from tax. There is no minimum donation amount to get tax exemption. But to confirm that your donation is tax-exempt, it should be made to an NGO that is registered under Section 80G. Tax receipts are given by most NGOs within a couple of days after receiving the donation. The receipt is required to claim tax benefits and should be retained to file income tax returns. Section 80G permits taxpayers to avail relief for contributions made to specific relief funds and charitable trusts. Contributions to NGOs approved under this section are eligible for tax relief. The permissible deduction varies depending on the type of NGO as well as the reason for the donation. Lack of Understanding and Awareness Creates a Stigma Menstrual health is still a topic that many people hesitate to talk about in India, especially in rural areas. According to a National Family Health Survey (NFHS-5), only 58% of young women aged 15-24 years in India use clean and safe methods during menstruation. Because of cultural beliefs and social norms, many women and young girls do not feel comfortable discussing periods. This lack of knowledge leads to false beliefs and feelings of shame about something that is completely natural. Lack of Education Leads to Women Not Understanding Their Bodies Since there is little education on menstrual health, many women grow up without knowing how their bodies work. According to research by Dasra, nearly 23 million girls leave school every year because there are no proper facilities for managing periods. Without correct information, they may use unsafe methods, which can lead to infections and other health problems. Many people also do not know about conditions like PCOS (Polycystic Ovary Syndrome) and endometriosis, which can cause serious health issues if ignored. Health Problems & Environmental Impact Without proper menstrual hygiene, many girls and women can get infections such as