Last updated: January 30th, 2023 5:20 PM

Tax deductions on Donations

Section 80 G of the Income Tax Act allows tax deductions on donations, that are made to any charitable trust. One of the best ways to save money while doing their bit for contributing to the world is making that allows deductions under Section 80 G. Towards this generous gesture, the government extends supports through the deduction on tax. Section 80 G of the Income Tax Act primarily deals with the donation that is made towards charity for providing tax incentives to the individuals who indulge in philanthropic activities. This section offers deductions on the donation that are made to certain relief funds and charitable trusts. An amount that is donated by an individual to an eligible charity can be claimed as a tax deduction while filing the ITR. But it is to be noted that all donations are however not eligible for deductions under Section 80 G. Only donations that are made to prescribed funds qualify for deductions which can be claimed by any taxpayer like individuals, companies, firms, or any other person.

Eligibility for tax deduction under Section 80 G

All taxpayers that including individuals, companies, Hindu Undivided Families are eligible to make donations to charity under Section 80 G and claim a