HelpAge India Make A Donation-Get Income Tax Relief Under 80G Today there are several well-known secular, non-government organisations in India which are nonprofitable and raise money for the philanthropic activities they carry out. There are events that they organise the proceeds of which are given for a good cause or corporate funding that they are able to get etc. Yet one of the most lucrative avenues is generally left untapped because of lack of awareness on the part of the common man.
It is only now that even these non-profit non-government organisations have started to realise that the general public is not apathetic towards their cause when they say no to make a donation. It is because they have no idea of: A. How to go about it and which cause to support and B. The benefits that they too can reap by helping these philanthropic organisations. Hence today it has become very important for these NGOs to first educate people about the benefits that they incur when they make a donation. These benefits can be classified into: A. Emotional wherein there is a feel good factor involved and B. Financial wherein huge tax deductions can be availed off. All monetary contributions made to NGOs and other non-profit social service organisations are covered under a special section known as the 80G of the Income Tax act. In fact donations under 80g are subject to both 50% and 100% tax exemption depending on the category it is made in. There are, however, certain facts that one needs to know when making monetary contributions under this section of the IT Act like:
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