Did you know that your generosity can also help you save on taxes? Donations to registered charitable organizations in India not only create a positive impact but can also qualify for tax deductions under Section 80G of the Income Tax Act. This means you can support a cause close to your heart while also reducing your taxable income.
In this guide, weโll break down how you can claim tax benefits when donating and how FRST Foundation ensures your contributions make a real difference.
Understanding Section 80G: How Does It Work?
Section 80G of the Income Tax Act allows individuals and businesses to claim deductions on donations made to eligible charitable organizations. The key points to remember:
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Eligibility โ Donations must be made to an organization registered under Section 80G.
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Deduction Limit โ Some donations qualify for a 100% deduction, while others allow for 50%.
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Mode of Payment โ To claim benefits, donations should be made via cheque, bank transfer, or digital payment. Cash donations above โน2,000 are not eligible.
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Receipt & Certificate โ Ensure you receive a donation receipt and an 80G certificate from the NGO.
How Much Tax Can You Save?
Letโs say your taxable income is โน10,00,000 and you donate โน50,000 to an eligible NGO under 50% deduction criteria. Your tax deduction will be:
๐น Deductible Amount = โน50,000 ร 50% = โน25,000
๐น New Taxable Income = โน10,00,000 – โน25,000 = โน9,75,000
By donating, you lower your taxable income and contribute to a meaningful causeโwin-win!
Why Choose FRST Foundation for Your Donation?
FRST Foundation is a registered NGO committed to empowering visually impaired individuals. Your donation to FRST Foundation is 100% eligible for tax deduction under Section 80G, and we ensure full transparency and impact reporting.
๐น What You Get When You Donate to FRST Foundation:
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Instant Donation Receipt โ Sent directly to your email.
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80G Tax Certificate โ Provided for hassle-free tax filing.
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Real Impact โ Your donation supports life-changing programs.
How to Claim Your Tax Deduction?
1๏ธโฃ Donate to FRST Foundation through our secure online platform.
2๏ธโฃ Receive Your 80G Certificate & Receipt via email.
3๏ธโฃ Include It in Your Tax Filing under deductions in ITR.
๐ฉ Need help? Contact us at foundation@frst.co.in, and weโll guide you through the process.
Make a Difference & Save on Taxes Today!
By donating to FRST Foundation, youโre not just givingโyouโre investing in a better future while optimizing your taxes.