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Donors can avail of the following tax benefits -
For Indian Tax Payers:
Under scheme 80G of the IT Act up to 50% of your donation is deductible.
Under scheme 35AC of the IT Act, 100% of your donation is deductible from your income. This applies only to specified projects and is an advanced search tax scheme.
Under scheme 35(i)(ii) of the IT Act (only specified projects), 125% of your donation is deductible from your business income, and 100% of your donation is deductible from salary income. This scheme also applies to specified projects only.
Payroll Giving currently doesn't offer tax benefits in the U.S. or U.K. |