Donate and Avail Deduction Under Section 80G of Income Tax Act

Published on September 17, 2020

Deduction Under Section 80G of Income Tax Act

An act of kindness can truly go a long way. It is a worthwhile effort to extend one’s generous good fortune to the underprivileged. It makes the donor feel glad and grateful for their contribution to a worthy cause(s). There are constantly limited means and NGOs can always use support in any form – volunteering, donations, collaborations etc. Donations help NGOs in providing many more opportunities in lesser time, be it regarding education, essential utilities, electronics etc; financial support helps run varied short-term and long-term programs dedicated to uplift and empower the underprivileged.

Grab The Opportunity To Donate
Festival time offers a significant opportunity to support those who are not born into privileged families like many of us. The dignity of any human must not be compromised and donating towards improving the lives of the downtrodden is a great effort. 

Help Children Lead A Quality Life
Underprivileged children, especially, make for one of the most vulnerable sections of the society that require urgent intervention. Monetary support for their medical aid, quality education, safe shelter, personality-enhancing extra-curricular activities help a great deal in evolving their restricted growth. Children require tender love and care along with useful tools and resources for a wholesome upbringing; donations help in achieving that.

Set A Good Example For The Younger Generation
Donating can be an enriching experience, not only for the beneficiaries but also for the children in the donor’s family. Children are in an impressionable phase where ‘leading by example’ is a great way to teach them how to be philanthropic.

Without Hesitation, File An ITR And Avail Deduction Under 80G
Under the Income Tax Act, one can donate to an NGO and avail a subtraction from the gross total income. It is a win-win to  save income tax while donating to a worthy cause.  Section 80G of Income Tax Act  rewards one for donating to non-profits, in the form of tax benefit. One can easily claim 100% deductions on their donation made via cash or cheque. 

From an emotional standpoint to a concrete solution, a monetary donation is a reward for the beneficiary as well as the benefactor. If you have decided to support an NGO, then choose Child Rights and You (CRY), a non-profit organization that has been protecting children from child labour, malnutrition, illiteracy etc. You can support CRY and avail tax benefits.