Consider last-minute charitable contributions for both altruism and tax benefits as the financial year-end approaches. In India, donations to registered NGOs like CRY (50% tax exemption), Akshaya Patra Foundation (50% tax-deductible), and PMNRF yield tax benefits under Section 80G. Ensure eligibility, collect receipts, and maximise deductions (up to 50% or 100%). Giving back becomes a strategic financial move, making this year-end count for societal welfare and tax savings.
Last-minute charitable contributions can be a win-win, helping those in need while reducing your tax liabilities
Charitable donations in India, under Section 80G, provide tax benefits for contributions to registered NGOs, relief funds, and charitable institutions
Consider supporting CRY for underprivileged children - donations are eligible for a 50% tax exemption
Contribute to the Akshaya Patra Foundation to fight hunger and promote education, enjoying a 50% tax deduction
Support the Prime Minister's National Relief Fund (PMNRF) for natural disaster assistance, with tax benefits available
Maximise tax benefits by collecting receipts for all charitable contributions; deductions can range from 50% to 100% depending on the organisation
Giving back isn't just altruistic; it's also a strategic financial move. Make your financial year-end count by contributing and saving on taxes