How can you save tax by donating to the underprivileged?
It’s that time of the year when you start planning your taxes and the best ways to save on it. Did you know that donating to a non profit organization in India could help you add to your savings?
Yes, you can save tax by donating to a cause that you care about. The Income Tax Act 1961, supports charitable giving. You can take advantage of the Section 80G tax benefits by donating to NGOs of India.
Fast Facts
NGOs and trusts with a 12A certificate are eligible to provide an 80G certification. Donations to charitable organizations qualify for a tax deduction under Section 80G of the Internal Revenue Code. Those who wish to donate to save taxes, can only do so if the donation is made to NGOs or non-profitable institutions that are 80G accredited.
Reaching Hand is an 80G accredited NGO for the underprivileged communities, working for health,education, and empowerment. Every donation made to Reaching Hand can be used to avail a deduction of up to 50% of the donated amount under section 80G of the Income Tax Act.
Donate and make tax planning simpler and impactful! Below are some of the causes that you can choose to invest in –
- Hygienic toilets and sanitation awareness in Government schools
- Scholarship for underprivileged students
- Training socially disadvantaged youth and women in vocational and life skills to increase job readiness
- Shelter, education and mid-day-meal programme for at-risk children
- Free quality education to students from underprivileged backgrounds
- STEM Labs and skill development in Government schools for a holistic learning experience.
BENEFITS of donating to Reaching Hand
- Instant 80G receipt – When you donate to Reaching Hand, we will ensure your tax exemption receipt reaches you at the earliest!
- Options – Reaching Hand works with different groups of people and for a variety of causes. This gives the donors a range of options to support, as per their interest
- Credibility – Our donors’ confidence in us is extremely valued. This is why we ensure transparency and ensure that our causes are verified and validated thoroughly. Click here to view our mandated legal documents. Our donors can donate with confidence, knowing that their money is being used to transform lives and rest assured that their money will reach the appropriate individuals and have the impact you intended.
- Reports – To know how your contribution is making a difference, we send regular detailed updates about the initiatives to which you donate. The reports will illustrate how the programme has grown and how it is improving the lives of those who are less fortunate.
Give more. Save more. Start your tax planning by contributing to a good cause! Think Reaching Hand for your tax savings!
Come join Reaching Hand in the mission to change the world, one child at a time!