How to Claim Tax Exemption Benefits on Donations to an NGO? Contributing a donation to an 80G exempt NGO not only benefits social causes, but also provides you with the privilege of a Tax Exemption on donation. step 1 - Check Eligibility: Ensure that the NGO has a current and valid 80G certificate. By having this certificate, it verifies that your donation qualifies for Tax Exemption under 80G section of the Income Tax Act. Step 2 - Get a Receipt: Always request for a stamped receipt which has: NGO's Name, Address Registration Number and PAN Amount of Donation and date of donation Step 3 - Pay Through Permissible Mode: You can make the donation through online payment methods, cheque, and bank transfer but remember that cash donations over ₹2,000 are not eligible. Step 4 - Disclosure in your Tax Return: Disclose donations in your return under section 80G and attach the receipt. Depending on the NGO, you would be able to claim either a 50% or 100% deduction. You are able to enjoy a tax deduction in addition to being able to support social causes. https://sakshingo.org/80g-tax-exemption-on-donation/ #taxexemptionondonation #80gexemptngo #taxsavings #donatetosavelives #supportngo #giveandgrow #donationbenefits #charitywithpurpose #sakshingo

Understanding Allowances Under Income Tax in India Discover the meaning of allowance in income tax, its types, and how it affects your taxable income. Learn how allowances are categorized and their impact on your tax liability. Understand exemptions under the Income Tax Act for better tax planning and financial management. https://www.registrationkraft.com/allowance-in-income-tax #IncomeTax #TaxAllowance #TaxExemptions #IncomeTaxIndia #TaxPlanning #SalaryAllowance #IncomeTaxGuide #TaxDeductions #FinanceTips #TaxSavings