Claim Income Tax for donation under section 80G
The last quarter of this fiscal year (2019-20) is fast approaching and soon we will all be scurrying around for tax saving schemes. We often wait till the end to start our tax planning but the smart way is to look into the tax saving options early in the financial year, so there is enough time to plan.
There are several income tax saving schemes for salaried under section 80C of the Income Tax Act, which allow investors to claim up to Rs1.5 lakh from the total income. There is also Section 80G which offers income tax exemption as incentives for donations made to charity organisations. It is applicable to everybody – individuals, companies, and firms.
What is Section 80G?
Section 80G of the Income Tax Act, allows you to claim tax benefit on donations made to charitable institutions and specific relief funds. However, not all donations are eligible for deductions under section 80G. You can gain donation tax rebate under Section 80G for donations made to those institutions or relief funds which are prescribed for tax exemption. The donations in section 80G are eligible for deductions of up to either 100% or 50%.
What are the subsections of Section 80G?
Income tax saving options under section 80G are not just limited to donations made to charities. You can also claim tax rebate on donations made to scientific research organisations and organisations engaged in rural development. You can get 100% tax deduction under section 80GGA through these donations.
What is the mode of payment?
Income tax deduction can only be claimed under section 80G if donations are made via cheque, draft, or cash. You can donate any amount to an NGO, but cash donations must not exceed Rs. 10,000 to claim donation tax deduction. Donations made in kind like food, clothes, medicines are not eligible for tax exemptions under section 80G.
However, from financial year 2017-18, any donations made in cash above Rs. 2,000 are not allowed as deduction. Donations above Rs. 2,000 must be made through any other mode to qualify as a deduction under 80G.
How to claim 100 percent deduction?
Section 80G offers a 100% category under tax saving options. Some of the donations applicable for deduction up to 100% are as follows:
1. Prime Minister’s National Relief Fund
2. National Defence Fund by the Central Government
3. National Foundation for Communal Harmony
4. National Children’s Fund
5. National Illness Assistance Fund
Donations eligible for 100% deduction subject to 10% of adjust gross total income include donations to the government or any approved local authority or institute utilized for promoting family planning.
How to claim 50 percent deduction?
You can earn 50% tax deduction under section 80G from the following donations:
1. Prime Minister’s Drought Relief Fund
2. Jawaharlal Nehru Memorial Fund
3. Rajiv Gandhi Foundation
4. Indira Gandhi Foundation
Donations eligible for 50% deduction subject to 10% of adjusted gross total income include any other fund or institution which meet the criteria in Section 80G(5), government or any other local authority which utilize the donation for any charitable purpose other than family planning.
What are the documents required to claim tax under section 80G?
While filing your tax returns under section 80G you will need a stamped receipt from the NGO or trust with the organisation’s name, address and PAN, and your name and the amount you donated. For 100% deductions on donations, you need a Form 58. You also need the organisation’s registration number, validity dates and an 80G certificate.
Donate to an NGO
Donating to an NGO is the most noble way to save tax. It gives you an opportunity to contribute to a humanitarian cause while gaining tangible benefit for yourselves. NGOs like Oxfam India lets you donate to the cause closest to your heart, whether it is education, women empowerment, or disaster relief. You can obtain a tax rebate and also the joyous feeling of giving. When you donate to Oxfam India, you help the most marginalised men, women, and children in our society gain access to healthcare and education, and stand up for their rights, thus ending discrimination. Sign up for their regular giving programme, so you don’t have to spend a huge amount of money all together to claim your tax benefit.
Oxfam India ensures that the stories of people whose lives you have changed reach you to keep you updated on the impact you are making. It also maintains complete fund transparency which you can access through its annual reports. This will assure you that your hard earned money is not going to waste.
Find out how Oxfam India is enabling communities by working to provide a life of dignity and equal opportunity for all.Get to know more about Oxfam India`s latest projects.
Read MoreAug 4, 2023 | Savvy
Jul 6, 2023 | Savvy
May 30, 2023 | Savvy
Mar 31, 2023 | Savvy
Mar 30, 2023 | Savvy
Mar 2, 2023 | Savvy
Jan 17, 2023 | Savvy
Mar 9, 2023 | Savvy
Dec 23, 2022 | Savvy
Dec 2, 2022 | Savvy
Nov 28, 2022 |
Nov 22, 2022 | Savvy
Nov 14, 2022 | Savvy
Oct 31, 2022 | mahika@oxfamindia.org
Oct 3, 2022 | Savvy
Sep 15, 2022 | Savvy
Aug 12, 2022 | Savvy
Aug 9, 2022 | Savvy
Jun 29, 2022 | Savvy
Jun 29, 2022 | Savvy
May 30, 2022 | Savvy
May 30, 2022 | Savvy
May 5, 2022 | Savvy
May 26, 2022 | Savvy
Mar 21, 2022 | Savvy
Feb 20, 2022 | Savvy
Feb 16, 2022 | Savvy
Jan 25, 2022 | Savvy
Jan 13, 2022 | Savvy
Jan 9, 2022 | Savvy
Dec 31, 2021 | Savvy
Jan 17, 2022 | Savvy
Dec 17, 2021 | admin
Dec 16, 2021 | Savvy
Dec 14, 2021 | Savvy
Feb 28, 2022 | Savvy
Oct 15, 2021 | Savvy
Oct 12, 2021 | Savvy
Oct 10, 2021 | Savvy
Oct 10, 2021 | Savvy
Oct 8, 2021 | Savvy
Oct 6, 2021 | Savvy
Oct 4, 2021 | Savvy
Sep 29, 2021 | Savvy
Oct 10, 2021 | Savvy
Sep 16, 2021 | Savvy
Sep 5, 2021 | Savvy
Sep 1, 2021 | Savvy
Sep 15, 2021 | Savvy
Aug 7, 2021 | Savvy
Jul 23, 2021 | Savvy
Jul 7, 2021 | Savvy
Jun 4, 2021 | Savvy
May 17, 2021 | Savvy
Jun 7, 2021 | Savvy
Apr 15, 2021 | Savvy
Apr 9, 2021 | Savvy
Apr 1, 2021 | Anisha
Mar 14, 2021 | Savvy
Mar 12, 2021 | Savvy
Mar 2, 2021 | Savvy
Feb 19, 2021 | Savvy
Feb 14, 2021 | Savvy
Jan 12, 2021 | Savvy
Jan 12, 2021 | Savvy
Dec 23, 2020 | Savvy
Dec 3, 2020 | Savvy
Jan 4, 2021 | radhika
Apr 1, 2021 | radhika
Dec 23, 2020 | radhika
Sep 30, 2020 | Savvy
Sep 30, 2020 | Savvy
Sep 30, 2020 | Savvy
Sep 30, 2020 | Savvy
Aug 25, 2020 | Savvy
Sep 30, 2020 | radhika
Aug 9, 2020 | Savvy
Aug 5, 2020 | Savvy
Aug 21, 2020 | radhika
Aug 4, 2020 | Savvy
Sep 30, 2020 | radhika
Sep 30, 2020 | radhika
Aug 1, 2020 | Savvy
Jul 17, 2020 | Savvy
Jul 15, 2020 | Savvy
Mar 5, 2021 | Savvy
Jun 30, 2020 | Savvy
Jun 30, 2020 | radhika
Jun 30, 2020 | Savvy
Jun 30, 2020 | Savvy
Jun 30, 2020 |
Jun 30, 2020 | radhika
Jun 24, 2020 |
Jun 24, 2020 |
Jun 30, 2020 |
Jun 15, 2021 |
Jun 30, 2020 | Savvy
Jun 30, 2020 | radhika
Jul 29, 2020 | Savvy
May 31, 2020 | Savvy
Jul 29, 2020 | Savvy
May 31, 2020 | Savvy
May 31, 2020 | Savvy
May 31, 2020 | Savvy
May 28, 2020 | Savvy
May 31, 2020 | radhika
May 31, 2020 |
May 31, 2020 | radhika
May 31, 2020 | radhika
May 31, 2020 | Animesh Prakash
May 31, 2020 | radhika
May 31, 2020 | radhika
Jun 3, 2020 | radhika
Jun 3, 2020 | Anisha
Jun 3, 2020 | radhika
Jun 3, 2020 | radhika
Dec 5, 2019 | radhika
Jun 3, 2020 | radhika
Dec 18, 2019 | radhika
Dec 5, 2019 | radhika
Dec 5, 2019 | radhika
Dec 5, 2019 | radhika
Oct 9, 2019 | radhika
Oct 9, 2019 | radhika
Dec 5, 2019 | radhika
Dec 18, 2019 | radhika
Sep 25, 2019 | radhika
Dec 18, 2019 | radhika
Sep 25, 2019 | radhika
Sep 25, 2019 | radhika
Nov 21, 2019 | radhika
Sep 19, 2019 | radhika
Dec 5, 2019 | radhika
Feb 20, 2020 | radhika
Dec 18, 2019 | radhika
Dec 5, 2019 | Anisha
Aug 19, 2019 | radhika
Dec 18, 2019 | radhika
Dec 18, 2019 | radhika
Dec 5, 2019 | radhika
Dec 5, 2019 | radhika
Dec 18, 2019 | radhika
Dec 18, 2019 | Anisha
Dec 5, 2019 | radhika
Aug 1, 2019 | radhika
Jul 31, 2019 | radhika
Dec 5, 2019 | radhika
Dec 18, 2019 | radhika
Dec 5, 2019 | radhika
Dec 5, 2019 | radhika
Dec 5, 2019 | Anisha
Dec 5, 2019 | radhika
Dec 18, 2019 | radhika
Dec 5, 2019 | radhika
Jun 27, 2019 | radhika
Jun 19, 2019 | radhika
Dec 18, 2019 | Anisha
Sep 27, 2019 | Anisha
Jun 19, 2019 | Anisha
Dec 18, 2019 | Anisha
May 27, 2019 | sanya
May 24, 2019 | Anisha
Jul 23, 2020 | ursila
Sep 9, 2019 | ursila
Sep 9, 2019 | Anisha
Sep 9, 2019 | ursila
May 13, 2019 | ursila
Sep 30, 2019 | ursila
Sep 19, 2022 | ursila
Sep 10, 2019 | ursila
Oct 24, 2019 | ursila
Oct 7, 2019 | ursila
Oct 24, 2019 | ursila
Feb 20, 2020 | ursila
Nov 11, 2019 | ursila
Oct 30, 2019 | ursila
Jun 3, 2020 | ursila
Nov 18, 2019 | ursila
Sep 27, 2019 | ursila
Oct 7, 2019 | ursila
May 31, 2020 | ursila
Oct 24, 2019 | ursila
Oct 24, 2019 | ursila
Oct 24, 2019 | ursila
Oct 24, 2019 | ursila
Apr 5, 2019 | ursila
Nov 18, 2019 | Anisha
Sep 27, 2019 | ursila
Feb 20, 2020 | ursila
Sep 9, 2019 | ursila
Oct 7, 2019 | ursila
Oct 7, 2019 | ursila
Sep 23, 2019 | ursila
Oct 24, 2019 | Anisha
Sep 10, 2019 | ursila
Sep 27, 2019 | admin
Oct 24, 2019 | ursila
Oct 31, 2019 | oxfamadmin
Oct 7, 2019 | ursila
Apr 5, 2019 | ursila
Feb 20, 2020 | admin
Sep 9, 2019 | ursila
Apr 5, 2019 | admin
Sep 9, 2019 | ursila
Oct 7, 2019 | admin
Oct 7, 2019 | admin
Oct 24, 2019 | admin
Oct 24, 2019 | admin
Apr 5, 2019 | admin
Oct 24, 2019 | admin
Oct 7, 2019 | admin
Oct 24, 2019 | admin
Apr 5, 2019 | admin
Sep 27, 2019 | admin
Oct 24, 2019 | ursila
Apr 5, 2019 | Anisha
Oct 24, 2019 | Anisha
Sep 27, 2019 | Anisha
Sep 12, 2022 | admin
Apr 5, 2019 | Anisha
Oct 7, 2019 | ursila
Oct 1, 2019 | Anisha
Oct 30, 2019 | Anisha
Oct 7, 2019 | Anisha
Oct 7, 2019 | ursila
Oct 24, 2019 | Anisha
Apr 5, 2019 | Anisha
Sep 10, 2019 | Anisha
Oct 7, 2019 | ursila
Oct 24, 2019 | ursila
Oct 7, 2019 | ursila
Oct 24, 2019 | ursila
Oct 24, 2019 | ursila
Oct 30, 2019 |
Oct 7, 2019 | ursila
Oct 7, 2019 | Anisha
Oct 7, 2019 | Anisha
Oct 1, 2019 | Anisha
Oct 7, 2019 | Anisha
Sep 27, 2019 | ursila
Oct 24, 2019 | ursila
Oct 1, 2019 | ursila
Nov 14, 2019 | ursila
Oct 24, 2019 | ursila
Oct 1, 2019 | Anisha
Oct 24, 2019 | Anisha
Oct 7, 2019 | Anisha
Oct 7, 2019 | ursila
Apr 5, 2019 | ursila
Nov 18, 2019 | Anisha
Sep 9, 2019 | Anisha
Sep 10, 2019 | Anisha
Nov 21, 2019 | Anisha
Oct 7, 2019 | Anisha
Sep 10, 2019 | Anisha
Sep 27, 2019 | ursila
Oct 24, 2019 | ursila
Sep 20, 2022 | Anisha
Nov 11, 2019 | Anisha
Oct 7, 2019 | Anisha
Oct 24, 2019 | Anisha
Oct 1, 2019 | Anisha
Sep 10, 2019 | Anisha
Oct 24, 2019 | Anisha
Oct 30, 2019 | Anisha
Oct 1, 2019 | ursila
Oct 24, 2019 | ursila
Oct 30, 2019 | ursila
Oct 30, 2019 | Anisha
Oct 1, 2019 | ursila
Sep 27, 2019 | Anisha
Oct 7, 2019 | Anisha
Sep 10, 2019 | oxfamadmin
Oct 24, 2019 | ursila
Sep 27, 2019 | ursila
Nov 18, 2019 | Anisha
Oct 7, 2019 | ursila
Oct 24, 2019 | ursila
Oct 7, 2019 | ursila
Sep 10, 2019 | ursila
Oct 7, 2019 | ursila
Nov 11, 2019 | Anisha
Oct 24, 2019 | ursila
Nov 11, 2019 | ursila
Oct 24, 2019 | oxfamadmin
Oct 1, 2019 | Ravi
Oct 1, 2019 | Ravi
Sep 27, 2019 | Ravi
Oct 7, 2019 | Anisha
Oct 7, 2019 | oxfamadmin
Oct 24, 2019 | Anisha
Sep 10, 2019 | Anisha
Oct 7, 2019 | Ravi
Sep 27, 2019 | Ravi
Dec 5, 2019 | Anisha
Oct 24, 2019 | Avantika
Jan 9, 2020 | Avantika
Oct 24, 2019 | Avantika
Oct 24, 2019 | Avantika
Oct 1, 2019 | Avantika
Oct 1, 2019 | Avantika
Oct 24, 2019 | Avantika
Sep 10, 2019 | Avantika
Nov 18, 2019 | Avantika
Sep 9, 2019 | Avantika
Sep 9, 2019 | Avantika
Sep 27, 2019 | Avantika
Sep 27, 2019 | Avantika
Oct 24, 2019 | Avantika
Oct 24, 2019 | Avantika
Sep 10, 2019 | Avantika
May 13, 2019 | Avantika
Oct 1, 2019 | Avantika
Apr 5, 2019 | Avantika
Apr 5, 2019 | oxfamadmin
Oct 7, 2019 | Avantika
Oct 1, 2019 | Avantika
Nov 14, 2019 | Avantika
Sep 27, 2019 | Ravi
Oct 24, 2019 | Avantika
Oct 1, 2019 | oxfamadmin
May 27, 2020 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Dec 5, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Jun 12, 2020 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 3, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 9, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 9, 2019 | oxfamadmin
Nov 18, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 19, 2023 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Nov 6, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Jan 9, 2020 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 30, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Sep 9, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Dec 16, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Nov 18, 2019 | oxfamadmin
Apr 5, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Feb 20, 2020 | ursila
Apr 5, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Jan 9, 2020 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Nov 21, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 30, 2019 | oxfamadmin
Oct 30, 2019 | oxfamadmin
Nov 15, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Jan 9, 2020 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Dec 16, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 9, 2019 | oxfamadmin
Nov 18, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Apr 5, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | Avantika
Oct 30, 2019 | oxfamadmin
Jan 9, 2020 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Feb 20, 2020 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Sep 30, 2019 | oxfamadmin
Sep 30, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 3, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Dec 16, 2019 | oxfamadmin
Apr 5, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 9, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 27, 2019 | oxfamadmin
Oct 30, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 3, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin
Dec 5, 2019 |
Nov 18, 2019 |
Oct 24, 2019 | oxfamadmin
Sep 9, 2019 |
Oct 7, 2019 |
Oct 24, 2019 |
Sep 27, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Nov 15, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Sep 10, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 7, 2019 | oxfamadmin
Oct 1, 2019 | oxfamadmin
Oct 30, 2019 | oxfamadmin
Oct 24, 2019 | oxfamadmin