DONATION & TAX EXEMPTION FAQs
What Tax exemption do I get?
All contributions above Rs 500 will be eligible for 50% tax exemption under Section 80 G.The exemption is calculated by reducing the donated amount from your taxable salary. For instance, if your taxable income per year is Rs 100,000 and you make a donation of Rs 5,000 then your net taxable income will become Rs 97,500. Your tax will now be calculated on this new amount basis the prevailing tax rates subject to you salary and other deductions.
Can I cancel a donation that I've made?
Yes, you can cancel a donation that you have made any time up to 30 days after your payment was made. If you decide to cancel a donation after 30 days, we will refund the donation provided the donation has not been used for a any project of LSS.
What is the minimum amount that needs to be donated to get a tax exemption?
A minimum of Rs 500 needs to be donated to avail tax exemption under IT sec 80 G.
Do you issue Tax receipts? How long does it take for them to reach us?
We will send you a receipt for your donation in the post and/or via email, according to your preferences. Usually you can expect your receipts within 15-20 days after you have made the donation. But, we try to deliver the receipts within 10 days.
Is there tax exemptions on cash donations as well?
Cash donations above Rs.2,000 is not applicable for 80G certificates.
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 80 G 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 firstname.lastname@example.org for any further queries.
Donor Services Contact Information
For any information relating to a donation including foreign donations, please email or telephone the LSS Donations Department on +91 9928552059 during office hours (10 am to 5 pm Monday-Saturday).