Tax Exemption on Donations to Paravidya Foundation (Section 80G)

Donating to Paravidya Foundation is not only an act of Seva (selfless service) but also a financially rewarding decision. Under Indian law, your donations to NGOs registered under Section 80G of the Income Tax Act qualify for deductions, reducing your taxable income.

What Does This Mean?

When you contribute to Paravidya Foundation, the donation amount can be deducted from your total taxable income while filing your Income Tax Return (ITR). For example, if your taxable income is ₹10,00,000 and you donate ₹50,000, your taxable income becomes ₹9,50,000 (subject to 50% or 100% deduction depending on the category).

Who Can Claim 80G Benefits?

• Individual taxpayers (salaried or self-employed)
• Hindu Undivided Families (HUFs)
• Companies and firms
• NRIs with taxable income in India (donations must be made to an eligible Indian NGO like Paravidya)

Rules You Must Know

• Donations above ₹2,000 cannot be made in cash – use cheque, bank transfer, or digital payments.
• Donations in kind (clothes, food, etc.) are not eligible for 80G.
• Only donations to NGOs registered under Section 12A & 80G qualify. Paravidya Foundation holds valid registration.

Documents Needed to Claim 80G Deduction

• Donation Receipt – issued by Paravidya Foundation with name, PAN, registration number, donation amount, and donor details.
• Form 58 – required if the donation qualifies for 100% deduction.
• 80G Certificate – proof of Paravidya’s registration validating your tax claim.

How Much Can You Save?

Depending on the type of fund, donations can qualify for 50% or 100% deduction under Section 80G. Most donors enjoy a 50% deduction (up to 10% of their adjusted gross total income).