How To Save Tax By Donating to NGO

Being a responsible citizen of the world, it is essential to contribute towards the welfare of society. You can donate your earnings to non-profit organizations or NGOs that work towards social causes like tackling hunger, poverty, and providing education and health services for children. These donations help in reshaping the lives of our future generations by providing opportunities for better growth, development and education. It also comes with tax benefits along with several other benefits.

In this blog post, we will discuss how donating to an NGO can help you save tax, and also highlight the benefits of sponsoring a child through World Vision India.

How Does Donating to an NGO Help Save Tax?

Donating to an NGO in India is a noble act that not only helps the organization continue its social work, but it also helps you save money on taxes. The government has implemented various provisions to encourage individuals and companies to donate to NGOs, and in turn provide support for the welfare of society.

Here are some ways in which donating to an NGO in India can help you save tax:

Tax Deduction under Section 80G:

Individuals who donate to a registered NGO in India can claim a tax deduction of up to 50% of the donated amount under Section 80G of the Income Tax Act. This deduction is available for both individuals and companies.

Donations to Specific Causes:

Donations made to specific causes such as relief funds, scientific research, and rural development may be eligible for a higher deduction percentage.

Social Responsibility:

By donating to an NGO in India, individuals and companies contribute to the betterment of society and fulfill their social responsibility.

Donating to an NGO in India not only helps support the organization's social work, but also provides tax benefits to individuals and companies. The win-win situation encourages people to be socially responsible and contribute to the development of their country.

How to Donate to NGO and Save Tax

Donating to an NGO has become easier than ever before, thanks to the availability of online donation platforms. Most NGOs have their websites, and they offer a simple and secure online donation process.

Here are the steps to follow for donating to an NGO online:

1. Choose the NGO:

Choose an NGO that works towards a cause you care about. You can search for NGOs online or get recommendations from friends and family. Make sure to check the NGO's registration status on the Income Tax Department's website to ensure that you can claim the tax deduction.

2. Visit the NGO's website:

Once you have selected the NGO, visit their website and navigate to the donation page.

3. Choose the donation type:

NGOs usually offer various types of donation options, such as one-time donations, monthly donations, project-based donations, etc. Choose the type of donation that suits your budget and preference.

4. Provide your details:

Enter your personal details, such as name, email address, phone number, and address. NGOs may require your PAN card details for tax purposes.

5. Make the payment:

NGOs usually accept online payments through various modes such as debit/credit cards, net banking, UPI, e-wallets, etc. Choose the payment mode that you are comfortable with and complete the payment process.

6. Receive the receipt:

After the payment is processed, the NGO will send you a receipt or donation certificate via email or post. Keep this receipt safe as you will need it while filing your income tax return.

Donating to an NGO has never been so easy, and with the added tax benefits, there is no better time to make a difference.

Why Sponsor a Child through World Vision India?

World Vision India is one of the leading child-focused NGOs in the country. Sponsoring a child through World Vision India is a meaningful way to make a positive impact on the life of a child and their community.

Here are some reasons why you might consider sponsoring a child through World Vision India:

Help a child in need:

Your sponsorship can help provide a child with life-changing resources like education, healthcare, clean water, and nutritious food. It can also help protect them from abuse and exploitation.

Support the community:

World Vision India works with the whole community to help children grow up healthy and strong. By sponsoring a child, you'll be supporting the community where they live, which can have a positive ripple effect on the lives of other children and families.

Build a relationship:

When you sponsor a child through World Vision India, you'll have the opportunity to build a relationship with them through letters and updates. This can be a rewarding experience for both you and the child, and can help them feel loved and valued.

Make a lasting impact:

Your sponsorship can have a long-term impact on the life of a child and their community. By providing resources and support, you can help break the cycle of poverty and help children reach their full potential.

Transparency and accountability:

World Vision India is committed to transparency and accountability, and works to ensure that your sponsorship dollars are used effectively and efficiently. You can feel confident that your support is making a real difference in the life of a child.

Overall, sponsoring a child through World Vision India is a meaningful way to make a positive impact on the world and contribute to the well-being of a child in need.