Tax Exemption Donation FAQs
Section 80G of the Income Tax Act, 1961 offers tax deductions to the charitable trust as well as the associated donor, provided the NGO is registered under the Act. You can avail the deduction by presenting the receipt of the donation made to the NGO.
Section 80G of the Income Tax Act allows the assessee to claim deductions from their taxable income for the donation they make to charitable entities that are approved by the Income Tax department. The LetsLocalise India Foundation has the approval of the Income Tax department under the above section.
Donations above ₹500 to LetsLocalise India Foundation will be eligible for a 50% deduction from one’s taxable income under Section 80G of the Income Tax Act.
The maximum limit for deduction depends on the category of donation. In some cases, the maximum limit for the deduction is not set; while in some others, 80G deductions can be claimed up to a limit of 10% of the adjusted gross total income of the donor.
Yes, you can expect your receipts within 3 days of making the donation.
Cash donations above ₹2,000 are not applicable for 80G certificates.
We may not be able to provide you with a duplicate receipt. But we can send you the Income Tax exemption certificate copy.
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 on the online donation form to avail the tax benefits. You can also write to info@letslocalisefoundation.org for any further queries.
As a resident of the UK subject to UK Income Tax, you can avail tax exemption by donating to our sister Foundation LetsLocalise Social (UK) on https://letslocalisesocial.org/ which is a legally registered charity under UK Laws.
Taxpayers should have all the following documents to claim deductions under Section 80G.
- The receipt of donations.
- Photocopies of 80G Certificate.
- Registration number of the charitable trust.
Yes, you can claim a deduction under Section 80G through your employer. For that, you will need a certificate from your employer stating that such a donation has been made from your salary.
We do not accept in-kind donations but you can volunteer to help with our operations or sponsor items to serve our beneficiaries.
You can claim tax deductions on the donations made to an NGO provided the NGO is registered under Section 80G of the Income Tax Act, 1961. Not only that, helping those in need of your support also makes you happy and fulfilled.
When you donate to LetsLocalise India Foundationa, the benefit can be availed by reducing 50% of the donated amount from your taxable salary. For instance, if your taxable income per year is ₹200,000 and you make a donation of ₹5,000, then your net taxable income will become ₹197,500 (i.e. ₹200,000 – 50% of your donation). Your tax will now be calculated on this reduced taxable income based on the prevailing tax rates.
Cash donations upto ₹2,000 are applicable for 80G certificates. If you wish to contribute more than ₹2,000, it has to be in any mode other than cash to qualify for 80G deductions.