Giving back to the community has always been an important aspect of a well-rounded personality. And one of the best ways to give back is to donate to NGOs. NGOs or non-governmental organizations work for the welfare of society by providing support, aid, and development to the needy. They help to bridge the gap between the privileged and the underprivileged by offering their services in various fields such as education, healthcare, livelihood, and environment.
Donating to NGOs is not just a philanthropic act, but it can also bring about additional benefits – one such benefit is tax exemption. Yes, donating to an NGO can help you get tax benefits. Sounds like a win-win situation, doesn’t it? If you want to know how it works, then read on.
The Indian government, under section 80G of the Income Tax Act, provides tax deduction benefits to donors. A tax deduction means you can claim a certain amount of your donation as a deduction from your total income. The deduction amount will vary based on the NGO you choose to donate to. The percentage of deduction may range from 50% to 100% of the donation amount. It is important to note that only donations to registered NGOs are eligible for tax exemption under section 80G.
Donating to an NGO is not only a means of getting tax benefits, but it is also a great way to contribute to society. NGOs play a significant role in transforming the lives of people who are underprivileged and in need of assistance. By donating to an NGO, you can help in educating a child, providing healthcare facilities, working towards a better environment, etc. Your contribution can bring about a positive change in someone’s life.
There are various NGOs that work towards different causes. Some NGOs work in the field of education, while others work towards healthcare, environmental concerns, livelihood, etc. Before choosing an NGO to donate to, it is essential to do your research and choose an NGO that aligns with your interests and values.
Donating to NGOs in India has become easier than ever before, with the introduction of online donation platforms such as GiveIndia, Milaap, Ketto, and many others. These platforms provide a secure and hassle-free donation process, allowing you to donate to your preferred NGO from the comfort of your home. You can select the NGO you want to contribute to, choose the payment mode, and make your donation in just a few clicks.
In conclusion, donating to NGOs not only helps to create a positive impact on society but also allows you to get tax benefits. It is an easy and effective way to contribute to the growth and development of the underprivileged. So, go ahead and make a difference in someone’s life by donating to an NGO today.