80G Donation for NGO in India: A Smart Way to Give Back While Saving Tax

Charitable giving is one of the most meaningful ways to create a positive impact in society. Every contribution you make helps bring hope and change to those who need it most. But do you know, in India, when you donate to an NGO registered under Section 80G of the Income Tax Act, you get eligible for tax benefits. This way your donations are not only socially rewarding but also financially beneficial.

In this article, we’ll help you navigate through the benefits of 80G donations and how your contribution to Genesis Foundation can help save young lives while reducing your tax liability.

What is Section 80G of the Income Tax Act?

Under Section 80G of the Indian Income Tax Act, 1961 you can claim tax deductions if the NGO you donate to is registered under the income tax act. When you donate, your 80G donations for an NGO in India, your contribution not only supports a meaningful cause but also create a positive impact on your finances through tax exemption.

Benefits of Making an 80G Donation for NGO in India

Given below are some of the benefits of making an 80G donation for an NGO in India:

• When you donate to an NGO, you get the chance to support a cause that aligns with your values. Be it healthcare, education, environmental sustainability, or child welfare, your donation can create tangible and lasting impact.
• Your charitable donations to an NGO registered under 80G of the IT Act, can help you claim a percentage of the donated amount as a tax deduction. This helps lower the overall taxable income, resulting in potential tax savings.
• Your act of charity can foster a culture of responsibility and collective action.
• Many NGOs like Genesis Foundation, provide annual reports and regular updates on how the funds are utilized. This allows you to see the direct impact of your contributions and stay connected to the cause you support.

How To Save Tax By Donating to NGO

Under Section 80G of the Indian Income Tax Act, 1961, donors can avail tax deductions. Here’re the steps to save tax by donating to NGO:

1. While filing ITR, fill in details such as name, the amount donated, the date and mode of payment, and the NGO’s PAN, address, and 80G registration details. You can use donation receipt or in Form 10BE to accurately fill in the required information while filing their ITR.
2. The details need to be entered in the appropriate tables in the return form:

• Table A: Donations eligible for 100% deduction without qualifying limit
• Table B: Donations eligible for 50% deduction without qualifying limit
• Table C: Donations eligible for 100% deduction subject to qualifying limit
• Table D: Donations eligible for 50% deduction subject to qualifying limit

Documents Required for Claiming Benefits under 80G

You’ll need the following set of documents for claiming benefits under Section 80G:

• 80G donation receipt: This receipt issued by the NGO. To know more about the 80G donation receipt format, click here
• Registration Number of the NGO: All NGOs registered under Section 80G have a registration number provided by the IT Department. The donation receipt must contain this number.
• Form 10BE: This form basically has information captured in the donation receipt. This form is issued by the organization itself.
• Form 58A– This form is required for claiming a 100% deduction. Without this form, the donation will not qualify for a full deduction. This form is issue by the NGO to the donor.
• One must have his/her PAN card while filing income tax returns.

Important Points to Remember While Claiming 80G Benefits

Before making an 80G donation for NGO in India, you should keep the following points in mind:

• You can claim up to 50% or 100% of the donated amount, depending on the organization you’re donating to.
• Only donations made to registered NGOs and charitable institutions for deductions.
• To claim tax benefits, you should have a receipt of the donation made and NGO’s registration details.
• You must have a PAN card.
• The donation must be made via bank transfer, cheque, or digital payment.
• The donations made must be monetary. In-kind donations do not qualify for tax exemptions. It is important to note that cash donation above Rs. 2000 do not qualify for tax deductions.

Make Your 80G Donation Count with Genesis Foundation

At Genesis Foundation, we believe that every child deserves a chance to live a healthy and fulfilling life. Established in 2001, Genesis Foundation works with one mission in mind: to Save Little Hearts. We believe that no child should die due to lack of resources. And that’s where we with the support of our donors, corporate partners, hospitals, and healthcare professionals ensure that financial constraints do not prevent a child from receiving life-saving treatment for congenital heart defects (CHDs).

100% of donations from individual donors are used towards the treatment of children with no allocation towards administrative costs.

By choosing to support Genesis Foundation, you’re not just making a donation, you’re helping a child receive a second chance at life.

How Your Donation Creates Impact

When you make an 80G donation for NGO in India like Genesis Foundation, you:

• Fund life-saving surgeries and congenital heart defect treatments for children at our partner hospitals.
• Help us conduct screening camps to identify children in need and connect them to the right treatment at the right time.
• Help cover costs for post-operative care, medications, and follow-up visits.
• Give children the opportunity to lead healthier and brighter futures.

A Smart Way to Give Back

By making an 80G donation for an NGO in India, you contribute to meaningful change while also benefiting from tax deductions available under Indian law.

Ready to make a difference?

Donate to Genesis Foundation today! Your donation creates hope, restores dreams and transforms lives. https://www.genesis-foundation.net/donate. To get more information on how to partner, support or volunteer with us, call +91 96506 03438 or email at contactus@genesis-foundation.net.

This year also marks 25 years of Genesis Foundation. To mark this special milestone, we’ve created a commemorative film that captures the heart of the organization’s work and journey over the years.

Watch our 25-year milestone film here:  https://www.youtube.com/watch?v=LquCyP6C3zY.

#OnePromiseManyHeartbeats