Charitable donations are a great way to give back to society and make a positive impact on people's lives. Donating to a charity organisation can also have numerous advantages that you may not be aware of. For instance, charitable donations are tax-exempt, which means you can reduce your tax liability while making a positive impact on society.
Here are some little-known advantages of making charitable donations that you may not be aware of:
Tax Exemption Donation
One of the biggest advantages of making charitable donations is the tax exemption. When you donate to a registered charity, you can claim tax benefits under Section 80G of the Income Tax Act. You can claim a deduction of up to 50% of your donation amount from your taxable income. Therefore, if you contribute a charitable donation of Rs. 10,000 to an NGO, you can claim a tax deduction of up to Rs. 5,000. Below are some of the mandatory – you must look for before contributing a tax exemption donation:
● To qualify for a tax exemption donation, the NGO or charitable organisation must be registered under the Income Tax Act.
● You should always ask for a receipt from the organisation when making a donation so that you can claim the tax deduction on your income tax return.
Charitable donations
A charitable donation can help you make a positive impact on society. When you donate to a charity, you can help the organisation fund various programmes and initiatives that aim to improve people's lives. One such organisation that you can donate to is the Each One Educate One Foundation (E1E1).
E1E1 is a registered not-for-profit organisation that provides quality, values-based education to rural, underprivileged children in India. The organisation believes that education is a fundamental human right and the single best way to enable people to help themselves. E1E1 sets out to realise this vision through a collective collaboration between society, the government, and the institution.
The Each One Educate One programme is one of E1E1's flagship initiatives that aim to take holistic values-based education to the doorstep of rural India. The programme provides free, quality education to students hailing from underprivileged and underserved backgrounds. The fully residential schools not only impart lessons in the classrooms, but also provide a conducive community-life environment on campus that helps the students imbibe and live the values of love and service, brotherhood, caring and sharing, empathy, respect for elders, gratitude, among others. Alongside this programme, the Each One Embrace One and the Each One Higher Educate One programmes are designed to address the needs of students at various stages.
Donate to NGOs
When you donate to NGO, you make a positive impact in the society and contribute towards a good cause. When you donate to E1E1, you can be assured that your donation is being utilised to provide overall care and holistic development of its 3,000 young beneficiaries in 27 campuses across three states. You can make a tax exemption donation to the organisation by visiting their website.
Apart from tax benefits and the opportunity to make a positive impact on society, donating to an NGO can also be a fulfilling experience. When you donate to NGO or charity, you nurture compassion and the giving nature within yourself. This not only makes you feel good about yourself, but also motivates you to inspire others to engage in charitable deeds.
Conclusion
In conclusion, when you choose to donate to NGO, it not only helps those in need, but it also offers tax benefits. So, if you are looking to transform the lives of rural, underserved children, then contribute a charitable donation to E1E1 Foundation. Your contribution can make a real difference in someone's life and enable them to grow up to be empowered individuals.
Author Profile:
e1e1 Foundation is an Indian NGO that provides quality and values-based education to rural, underprivileged children. It implements three Edu-care Programmes namely, Each One Educate One, Each One Embrace Once, and Each One Higher Educate One. Currently, the Foundation has 3,000 beneficiaries in 27 campuses across 20 districts in three states. Being a registered NGO, donations of ₹500 and above towards this Foundation qualify for tax exemption under Section 80G of Indian Income Tax Act.
For further information:
https://eachoneeducateone.org/contribute.php
https://eachoneeducateone.org/