How Much Tax Can You Save by Donating to Genesis Foundation?

Every year when income tax season rolls around, many taxpayers focus on deductions. But one tax-saving opportunity often overlooked is donating to an NGO registered under Section 80G of the Income Tax Act. When you donate to a registered NGO, you not only help those in need, but also reduce your tax burden.

This blog helps you understand how to save tax by donating to NGO like Genesis Foundation, an NGO in Gurgaon, Haryana.

Section 80G of the IT Act: Key Points 

Here are some points to note before making 80G donation to NGO in India:

• Any individual, partnership firm, HUF, company and any other type of taxpayer can claim deduction under Section 80G
• Depending on the organization you’re donating to, you can claim up to 50% or 100% of the donated amount
• Only donations made to registered NGOs and charitable institutions qualify 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 sure to donate before 31^stMarch to claim deduction in the same financial year

Donation to NGO Tax Exemption India 

Depending on the NGO you donate to, you either get a 50% or an 100% deduction:

• If the organization you donate to provides 100% deduction, you can claim the full amount you donate. This is often for national relief funds or government-linked charitable funds
• 50% deduction: Most NGOs fall in this category — including many child welfare and healthcare organizations like Genesis Foundation

How To Save Tax by Donating to NGO? 

Let us see how to save tax by donating to an NGO with examples:

Example A

Suppose your income is ₹10,00,000 which is taxable.

When you donate ₹50,000 to a registered NGO eligible for 50% deduction.

• Eligible deduction = 50% of ₹50,000 = ₹25,000
• New taxable income = ₹10,00,000 − ₹25,000
• Revised taxable income = ₹9,75,000

You reduce your taxable income simply by donating.

Real NGO Example: Genesis Foundation 

One NGO that combines meaningful social impact with tax benefit under Section 80G is Genesis Foundation. We are an NGO in Haryana that support child heart treatment of underprivileged children who are diagnosed with congenital heart defects (CHDs). Since we give 50% tax exemption to our donors, you can look at the above given example to know how much tax you can save by donating to Genesis Foundation. 

Why Donate to Genesis Foundation? 

• We are registered under Sections 12A and 80G. This means donations are eligible for 50% tax deduction under Section 80G
• 100% of donations from individual donors are used towards the treatment of children with no allocation towards administrative costs
• We provide 80G donation receipts to all our Indian donors
• We also organize fundraising events like the Kasauli Rhythm & Blues Festival to build support and awareness. To attend this year’s charity concert in Kasauli, click here: https://in.bookmyshow.com/events/kasauli-rhythm-blues-festival/ET00483296. All the funds raised at the Genesis music festival is used towards the treatment of critically ill children

Donate to Genesis Foundation 

Because of our track record, medical legitimacy, and transparency in our communications, we are a reliable and compassionate choice for donors. You can donate to us by following the steps below:

1. Visit our official website– Go to genesis-foundation.net. Click the “DONATE NOW” button on the homepage.
2. Select payment method- You can various payment methods like- online payment, cheque, digital wallet, and bank transfer.
3. Enter Your Basic Details- Provide your name, email ID, and contact number.
4. Payment and Confirmation– As soon as the amount is donated to us, you will get a digital receipt instantly.

If you want to get more information or clarity on donation to NGO tax exemption in India, call us at +91 96506 03438  or drop an e-mail at contactus@genesis-foundation.net.