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Donation
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Income Tax Exemption Under Section 80G:
Manovikas Charitable Society is registered under Section 80G of the Income Tax Act. This means that donations made to our organisation are eligible for income tax deductions. Here’s how it works:
- When you donate MCS, you can claim a deduction on the donated amount while calculating your taxable income.
- The deduction can be up to 50% of the donated amount for donations made to Manovikas Charitable Society.
- If you donate Rs. 100, you can reduce your taxable income by Rs. 50.
- This deduction encourages and rewards you for your philanthropic efforts, effectively reducing your tax liability.
By contributing to Manovikas Charitable Society, you are positively impacting our charitable programs and are also eligible for tax benefits that can reduce your overall tax burden. It’s a win-win situation – supporting a worthy cause and maximising your tax savings.
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