Donations to specific relief funds are permitted under Section 80G of the IT Act. When you donate to Lycee NGO for child education, you will receive 80G benefits.

The Indian government has been encouraging people to donate to the poor and needy on a regular basis in order to promote the concept of charity, and this donation can also be claimed as a deduction under Section 80G.

Donate and get 80g tax benefits: Here is how?

There are several government organisations as well as non-governmental organisations that work for the upliftment of the poor, and you can make donations to these organisations, which will ensure that the money is used appropriately.

To encourage people to donate, the government provides income tax deductions for the amount donated under Section 80G. A person's donation to charitable trust amount can be claimed as a deduction under Section 80G when he files his income tax return.

Conditions for claiming a deduction for charitable contributions under Section 80G

Online donation for 80g can be claimed as a deduction under Section 80G in all circumstances except where the donation is in kind (eg: food, clothes, medicine etc). In order to claim this deduction, the donor must also provide proof of payment. The recipient trust issues a stamped receipt in this regard, the details of which should be mentioned by the taxpayer when filing his Income Tax Return.

The receipt must include the following information:

• The trust's name and address

• The donor's surname

• The amount given

• The trust's registration number, as provided by the income tax department under section 80G, along with its validity. 

Form 16 is used to claim a deduction under Section 80G

When paying an employee's salary, the employer must deduct TDS from the employee's salary and then pay the salary after deducting income tax. The amount deducted as TDS by the employer appears on Form 16.

The deductions claimed by the employee under various sections of the Income Tax Act must be reported to the employer for the purpose of calculating income tax. However, if an employee claims a deduction under section 80G, this benefit can only be claimed through the employer.

Donations deducted by the employer from Salary

When an employee makes a donation from his or her salary and the amount is deducted from his or her salary by the employer, the deduction for donation under 80g can still be claimed. In such cases, even if the donation receipt is in the employer's name, and the employer must issue a certificate stating that the contribution was made from the employee's salary account.

Conclusion

It's time to get up and contact a child education NGO. Get in touch with Lycee Trust to make a donation while receiving an 80G tax exemption. Visit our website to learn how to donate online for 80g.