As per the revised tax exemption act, effective April 1, 2017, donations above Rs 500 to Bandh Foundation will be eligible for 50% tax exemption under Section 80G of Income Tax Act. Providing your PAN card details is mandatory to avail tax exemption.

 The exemption is calculated by reducing the donated amount from your taxable income. For instance, if your taxable income per year is Rs 5,50,000 and you donate Rs 50,000 then you can avail 50% tax exemption i.e. for Rs 25,000 and your net taxable income will become Rs 5,25,000. Your tax will now be calculated on this new amount basis the prevailing tax rates.

Cash donation is not applicable for tax exemption under section 80G.

Yes, we generate the receipt within 7 days from the date of contribution made through online donations. Receipts will then be sent to your e-mail address. If you request physical copy, it could take 15-20 days to reach you due to courier process.

Please send an e-mail to contact@ratanfoundation.org mentioning all the details of donation including transaction reference number. We will send you the duplicate copy.