Tax Exemption Donation FAQs
What Tax exemption benefit do I get?
As per the revised tax exemption act, effective April 1, 2017, donations above Rs 100 to Support Our Heroes will be eligible for 50% tax exemption under Section 80G of Income Tax Act. By contributing to Support Our Heroes, you will help in strengthening and expanding services to war wounded soldiers, families of martyrs & veterans who are in need and also help yourselves with tax deduction benefit.
The exemption is calculated by reducing the donated amount from your taxable salary. For instance, if your taxable income per year is Rs 200,000 and you make a donation of Rs 5,000 then your net taxable income will become Rs 197,500. Your tax will now be calculated on this new amount basis the prevailing tax rates.
What is the minimum amount that needs to be donated to get a tax exemption?
A minimum of Rs 100 needs to be donated to avail tax exemption under IT sec 80G.
Do you issue Tax receipts? How long does it take for them to reach us?
Yes, you can expect your receipts within 14 days after you have made the donation.
Is there tax exemptions on cash donations as well?
Cash donations above Rs.5,000 is not applicable for 80G certificates.
When can I get a tax exemption certificate?
We generate the tax certificate within 7 days from the date of contribution made through online donations. Including the courier process it takes 10 days for the exemption certificate to reach you. If you contribute offline it takes 15 to 20 days.
What if the Tax receipt is misplaced?
We may not be able to provide you a duplicate receipt. But we can send you the Income Tax Exemption certificate copy.
I am an NRI. Will I get tax exemption on my donation?
NRI (Non-Resident Indian) donors, who are Indian citizens, holding an Indian passport are eligible to tax exemption under section 80G of the Income Tax Act. Don’t forget to mention your Indian PAN Card Number in the online donation form to avail the tax benefits. You can also write to inquiry.soh@gmail.com for any further queries.