Our Hon’ble Finance Minister, Smt. Nirmala Sitharaman will be presenting the Union budget tomorrow – charting out a roadmap for the Indian economy, and 1.4 billion Indians at large. While we await the key announcements, the real question is how can YOU contribute towards a better society, a better nation?
Did you know that tax incentives are provided to individuals engaging in philanthropic activities? You can donate to charities AND get 50% tax exemption on your donation!
Investment and insurance will help lower your taxable income and we’re certain you know how to maximize your allowances via Section 80C, 80D, etc. But did you know there’s a tax-saving gem in Section 80G? Section 80G of the Income Tax Act, 1961 allows tax payers to claim 50% or 100% deduction on donations to eligible funds, institutions, charities and trusts. Thus, donating to qualified NGOs not only changes lives but also allows you to save taxes.
Remember to complete all your donations by 31st March to get full tax advantage u/s 80G for this assessment year.
Donate to a cause that you resonate with and make a difference, starting from your own community. Your contribution, no matter the size, will have a lasting impact.
To make life easier for you, HelpYourNGO has shortlisted verified NGOs working towards 5 causes that merit your attention and contribution:
Did You Know??!
|About 250 million children younger than 5 years in low and middle-income countries are at risk of not reaching their developmental potential because of extreme poverty and stunting.
They need our support to complete their education and break out of poverty!
|Click Here to view a list of verified NGOs working towards providing quality Education to them.|
|Out of the total expenditure incurred on healthcare by an individual, more than 70% goes out of the patient’s pocket. The rest is probably paid by the Government and insurance companies.
How do you reckon the disadvantaged can pay for their healthcare?
|Click Here to view a list of verified NGOs working towards providing Healthcare to those less fortunate.|
|The Centre for Monitoring Indian Economy estimates India’s current unemployment rate to be 8.30%. While it is 7.44% in rural India, it is 10.09% in urban India.
How will the underprivileged become independent?
|Click Here to view a list of verified NGOs working towards providing Livelihood opportunities to them.|
|Percentage of the female population aged 6 years and above who ever attended school increased from 68.8% in 2015-16 to 71.8% in 2019-21, as per NFHS-5. The same report suggests that only 41% of women (15-49 years) have 10 or more years of schooling as opposed to 50.2% men.||Click Here to view a list of verified NGOs working towards Women Empowerment.
|By 2025, an estimated 189 million people in the country will be over 60 years of age, needing greater assistance and support.
We need to support the disadvantaged elderly and provide them a life of dignty!
|Click Here to view a list of verified NGOs supporting the Elderly.|
In case you would like to support causes other than those mentioned above, we have a database of 700 Indian NGOs that you can use to easily find verified NGOs meeting your giving criteria.
Avail Sec 80G benefit by making donations before March 31st, 2023 to save maximum taxes for AY 2023-24!