Donation Under 80G—Tax Exemption on Your Donation
Tax exemption in India is the financial exclusion that lowers taxable income. Donors can claim their tax returns by filing an income tax return under Section 80G. This form reduces the tax rate and a certain portion of the ITR.
Tax exemption is, therefore, a mandatory exemption to a general rule rather than the absence of taxation in certain conditions. Tax exemptions are given to boost certain economic activities.
The Income Tax Act helps donors get tax deductions under Section Donation Under 80G. These are the contributions that donors have made to some charitable organizations or institutions. However, not all donations are eligible under this section.
As per the revised tax exemption act, effective April 1, 2017, donations above Rs 500 to PARD INDIA will be eligible for a 50% tax exemption under Section 80G of the Income Tax Act for Indian nationals only. By contributing to PARD INDIA, donors will help empower deprived children and marginalized communities in rural areas, besides helping themselves with tax deduction benefits.
The exemption is calculated by reducing the donated amount from your taxable income. For instance, if your taxable income per year is Rs 300,000.00 and you donate Rs 5,000.00, then your net taxable income will become Rs 297,500.00, i.e. a deduction of Rs 2,500.00. Your tax will now be calculated on this new amount of Rs 297,500.00.
Donors can claim the benefits of saving tax under Section 80G on a minimum of Rs. 500 donation.
We issue an 80G Certificate of Donation (Form 10BE) in April/May every year for claiming Tax Exemption receipts. Remember to mention your Indian PAN CARD Number in the Online Donation Form to avail of the tax benefits.
If you have not provided PAN CARD details online, please send us a copy of your PAN CARD with your donation details to donorcare@pardindia.org to receive the Income Tax Exemption Receipt (Form No. 10BE).
Cash donations above Rs.2,000.00 are not applicable for 80G certificates.
We at PARD INDIA can generate the Certificate of Donation (Form 10BE) for all our donors in April/May every year to claim the donor's tax exemption. For this, we must file a 10BD Form with the Income Tax Department of India in April as per the Income Tax Department Regulations.
We at PARD INDIA ensure that every donor gets his or her Tax Exemption Certificates by email/courier.
We at PARD INDIA are always ready to offer donors exceptional service when they donate to us for any initiative. Donors will get a copy of their Tax Receipt as Form 10BE. We generate a soft copy for each donor and email/courier the same. We resend the receipts even if they are misplaced upon their request.
NRI (Non-Resident Indian) donors, who are Indian citizens holding an Indian passport, are eligible for tax exemption under Section 80G of the Income Tax Act. Don’t forget to mention your Indian PAN Card Number in the online donation form to avail the tax benefits. You can also write to donorcare@pardindia.org for any further queries.
PARD INDIA is a non-profit organization registered as a society under the Andhra Pradesh Societies Registration Act 35 in 2001. We have our Registration No. and that is 19 of 2011 on 13th January 2011. We are a legally registered NGO with the following valid registrations:
- FCRA Reg. No. : 010170354
- 80G Tax Exemption No. : AACAP0903G22HY02
- 12A Reg. No. : AACAP0903G22HY01
- Society ID (PAN Card) : AACAP0903G
- MCA Registration No. : CSR00011837
- Darpan Unique ID : AP/2020/0252587