Save Tax, Save Life: Giving Little Hearts a chance

India has always lived at the intersection of different cultures, languages, and traditions that perfectly blend. This was made possible due to the ancient wisdom which speaks highly of helping others as a cherished value. Being generous is much more than charity in India – it is a way of living. Helping and giving are deeply ingrained in the Indian way of life which can be seen in the Vedas, Upanishads, and Puranas. These texts speak of “Dana” (charity) as a spiritual act and as something that is essential and required.

One of the best forms of putting kindness into action is by contributing to charitable organizations. It comes as no surprise that doing so can be one of the more satisfying things anyone can do to make a difference. But did you know that supporting NGOs through money donations can help you save taxes? In registered NGOs in India, your contributions will allow you to benefit from tax relief under the Section 80G provision of the Income Tax Act. This setup enables the donor to benefit as much as the initiative gets benefits.

In this blog, we are going to discuss how you can save taxes and donate meaningfully.

Congenital heart disease is a severe complication that requires immediate attention, and every year in India alone, thousands of children are affected by it. However, for many poor families in India, being able to afford treatment is the real challenge. This is where corporations such as Genesis Foundation play a crucial role.

In India, every year more than 200,000 children are born with congenital heart defects. These defects represent anomalies in the heart that require immediate medical treatment. The complexity of the condition is further aggravated by the high costs of intervention. For such families, Genesis Foundation brings in a ray of HOPE by stepping in to offer financial support for these life-saving procedures.

To save tax from such donations to charities and non-profits, an NGO must be registered and shall have an 80G certificate duly issued by the Income Tax Department, Government of India. This clause is very much aligned with our core value of generosity and aims to encourage citizens to contribute to a cause. These donations have not just short-term benefits of saving you on your taxes but gives little heart a chance to lead a normal life full of dreams and ambitions. So, it’s the time to strategically plan for your finances while making a difference in society.

At Genesis Foundation, we have so far supported the treatment of 4500+ children giving their a heart a chance to beat. These children are supported at our prestigious partner hospitals across India. These hospitals provide much-needed timely treatment and quality care to these little hearts. Your financial contributions are directly utilised to support these heart surgeries and post-operative care.

So, let’s take a little step towards saving these little hearts. Contribute to these charitable organisations and NGOs and be part of the change that you aim to see. As we approach the closure of the financial year 2024, make your contribution count while saving your taxes.

In a country where we acknowledge health as a fundamental right, help us realise it for those who cannot afford these costly heart surgeries. Give these little hearts a chance to beat and their dreams to fly.

Save tax, Save Life!