100% Tax Deduction under 80G: How GECT Assists You in Saving While Contributing to Society

Donations to social causes are important when it comes to giving back to society. Donations in India, not only help you contribute to deserving causes but also provide the chance to obtain significant tax savings in accordance with Section 80G of the Income Tax Act. For GECT-associated donors, the advantages are far more significant since donations to GECT are eligible for 50% as well as 100% tax deduction under 80G.

If you are an individual interested in availing income tax deduction under 80G in Kolkata, this guide will help you realize how a contribution to GECT can make a double impact—enabling education and welfare activities while saving you on taxes.

What is Section 80G of the Income Tax Act?

Section 80G was incorporated in order to stimulate donations by individuals and organizations to registered charitable organizations in terms of tax relief. Donations given to approved trusts, NGOs, and charitable organizations can be deducted while presenting your income tax return under this section.

Subject to the nature of the trust, your contribution can be eligible for either a 50% tax deduction under 80G or a 100% tax deduction under 80G. This implies that if you contribute ₹10,000, you might be able to save up to ₹10,000 in taxable income if eligible for 100%, or ₹5,000 if eligible for 50%.

Why Donate to GECT?

Genesis Educational & Charitable Trust (GECT) is a registered non-profit organization in Kolkata committed to promoting education, healthcare, skill development, and community welfare. The trust works tirelessly to uplift underprivileged children and families by providing access to resources that enable a better future.

What makes GECT special is that it gives you the opportunity to make a difference while, at the same time, getting the income tax rebate under 80G in Kolkata. With its transparency, accountability, and firm impact-driven strategy, your contributions go towards real, tangible change.

Tax Benefits: 50% and 100% Deduction Explained

Your contribution when you give to GECT is eligible for deductions under Section 80G, based on the class of donation.

·       50% Tax Deduction under 80G: There are some donations that you can claim as a 50% deduction. So, if you give ₹20,000, you can deduct ₹10,000 from your taxable income.

·       100% Tax Deduction under 80G: Some contributions, particularly those which fall under government-approved schemes or some specific philanthropic activities, are given a 100% deduction. So, if you give ₹25,000, you can deduct the whole amount from your taxable income.

This. They make sure that no matter what you give, you receive large tax benefits while supporting worthwhile community projects.

Example of Savings

Let us illustrate this with an example.

Assume that your taxable income is ₹8,00,000 per year. If you give ₹50,000 to GECT:

·   Under 50% deduction, ₹25,000 is deducted and your taxable income falls to ₹7,75,000.

·  Under 100% deduction, the full ₹50,000 is deducted, bringing down your taxable income to ₹7,50,000.

This not only saves you overall tax but also provides you with satisfaction that your contribution is actually making a difference.

Income Tax Rebate under 80G in Kolkata with GECT

For those living in Kolkata, giving to GECT offers a special benefit. In addition to contributing to something that actually impacts local populations, you are also able to claim an income tax rebate under 80G in Kolkata.

Your contributions assist GECT in funding:

·       Scholarships for disadvantaged students.

·       Healthcare programs for underprivileged families.

·       Vocational training for youth.

·       Community development programs that transform entire neighborhoods.

By giving to GECT, you are not only entitled to a tax deduction; you are contributing to the future of people and the city of Kolkata.

The Dual Advantage of Donating

Giving to GECT earns you a twofold benefit:

1.  Social Impact: Your contribution goes towards education, healthcare, and empowerment programs of the needy.

2.  Financial Savings: Through 100% tax deduction under 80G or 50% deduction, you are actually lowering your taxable income.

So, giving is not only a moral obligation but also a wise financial choice.

How to Claim 80G Deduction with GECT

To avail your deduction:

1. Donate to Genesis Educational & Charitable Trust (GECT) using an approved mode of payment (cheque, draft, online transfer).

2. Get a receipt for your donation from GECT stamped with its PAN number and 80G registration information.

3.  When you file your Income Tax Return, report your donation value under Section 80G and submit the receipt if necessary.

Secure your rebate in this easy way.

Final Thoughts

Donating to GECT is not mere charity—it is a means to deliver lasting change to society while maximizing your financial strategy. With the ability to give both 50% tax deduction under 80G and 100% tax deduction under 80G, every rupee you give returns value to you in the form of lowered tax burden and a better community.

Therefore, if you are looking to claim an income tax rebate under 80G in Kolkata, you should support Genesis Educational & Charitable Trust (GECT). It's a win-win situation—you save taxes and make a long-lasting impact on the lives of others.