Where can I donate for child education with 80g exemption
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Every financial year, a lot of people must pay income tax and file their returns. If the amount is big, it hurts to pay as it is hard-earned money. For a win-win situation, you can make donations to non-profit organisations for a noble cause or some social project. It will benefit you to save tax as well as add you with society by working on some good projects.
Education is the greatest gift you can offer. By supporting a child’s education, you not only help them shape a brighter future but also experience an unmatched sense of joy and fulfilment. When you contribute to an education initiative, you become eligible for an income tax exemption under Section 80G of the Income Tax Act, 1961. Your generosity not only empowers India’s most vulnerable and marginalised children with learning opportunities but also rewards you with valuable tax savings.
Make a contribution to an 80G Exempt NGO, support a child education project, and get Income Tax exemption under 80G.
How does it work?
Donations can be made through cash or online transfer to registered Indian organisations that qualify for the income tax donation exemption. Your money goes directly into the fund for improving society and supporting education program for underprivileged children. Before donating, you must identify that donations made to recognised organisations only can help you avail of these benefits, so choose wisely.