How Charitable Donations Can Help You Save on Taxes While Making a Positive Impact?

As the financial year is coming to an end, taxpayers across India are looking for ways to reduce their taxable income. One often overlooked yet highly effective method is donating to a registered NGO. Donating to a Section 80G-approved NGO lets you do both—reduce your taxable income and contribute to a cause that matters. In this blog, we will explore how charitable donations can help you save on taxes while also giving a ray of hope to those in need.

Understanding Tax Benefits on Charitable Donations

Donating to a registered NGO in India not only supports a noble cause but also helps you save on taxes. Under Section 80G of the Income Tax Act, 1961, individuals and businesses can claim deductions on donations made to eligible charitable organizations. Making an 80G donation for an NGO in India allows taxpayers to reduce their taxable income while contributing to meaningful social change.

Maximising Tax Deductions on Charitable Donations

To make the most of your 80G donation for an NGO in India, choose one that creates real impact. Genesis Foundation ensures your contribution saves young lives while offering tax benefits:

• Always make sure that you donate to an NGO that is registered under Section 80G of the Income Tax Act for tax deduction. Genesis Foundation, an NGO working for heart treatment of children battling CHD, is registered under 80G provision.
• Under section 80G, maximum tax savings on charitable donations can be 100% or 50% of the donated amount. This deduction varies depending upon the organization donation is made to. Genesis Foundation allows a 50% deduction to all Indian residents. Since, there is no upper limit on the amount one can donate to the NGO, one can avail greater tax-saving opportunities.
• Cash donations exceeding ₹2,000 do not qualify for tax deductions. To claim tax savings on charitable donations, always choose digital platforms to donate to charitable institutions. Genesis Foundation offers a wide range of options for making payments which includes Paytm wallets, net banking, bank transfers, payment through cheques etc.
• To claim tax benefits, one should have a receipt of the donation with NGO’s registration details. Donors who donate to Genesis Foundation receive a soft copy receipt of the donation.

How Charitable Donations to Genesis Foundation Creates Real Impact

Genesis Foundation supports underprivileged and marginalised families whose monthly income is less than 20,000 per month. These surgeries can cost lakhs and be a huge financial burden for these families. These huge costs can leave them not just financially burdened but also deteriorate their mental health. It can put the very survival of these families at stake. Genesis Foundation gives them a ray of hope by providing financial assistance for these heart surgeries. At the Foundation, 100% of donations from individual donors are used towards the treatment of children with no allocation towards administrative costs.

Ensuring Transparency: How Your Donation Makes a Real Difference

At Genesis Foundation, transparency and accountability are at the heart of their mission. Every donation directly funds the treatment of children with congenital heart defects, and they ensure that donors can see the real impact of their contributions. Their website provides detailed reports on the children supported. Donors can access regular updates, success stories, and financial reports, ensuring that every rupee donated is accounted for. Donors can also meet the children supported by them at their partner hospitals.

To Sum Up

Making an 80G donation to NGO in India is a rewarding experience that benefits both society and your financial well-being. By working with NGOs like Genesis Foundation, you can save the money you spend on tax while at the same time support a cause that makes an impact on the life of an individual. To donate and save little hearts. Click here.

References

ClearTax. Donation Under Section 80G and 80GGA: Tax Benefits and Eligibility. Available from: https://cleartax.in/s/donation-under-section-80g-and-80gga [Accessed on: March 20, 2025].