Unlock Double Impact: Transforming Lives and Availing 50% Tax Deduction Under 80G with GECT

Giving is one of the strongest forces of humanity, turning a mere thought into a tangible, life-changing reality. The Genesis Educational & Charitable Trust has been a guiding light to the underserved, working relentlessly toward uplifting underprivileged communities, especially in the challenging terrains of the Sundarbans and surroundings. Focusing on basic needs such as education, healthcare, and livelihood support, GECT is not just providing aid but sowing the seeds of long-term sustainable development and independence.

With GECT, the chance to create a double impact-a deep social change, coupled with financial benefits under the Income Tax Act, 1961-is open for compassionate citizens and organizations spread across the breadth and length of India. It is here that the all-important Section 80G provision comes into play, making your philanthropic journey not only emotionally satisfying but also fiscally prudent.

The Core Mission: A Hand Up, Not Just a Handout

GECT thus has committed itself to address the multidimensional problems affecting the vulnerable sections of society since its inception in 2009. All the Trust activities are guided by the belief that empowerment through education and livelihood security holds the secret to break the vicious cycle of poverty.

·         Education For All: GECT supports the education of over 1000 children by providing them with essential tools such as study materials, access to a computer lab, and a positive learning environment. This is further being demonstrated by the addition of an upcoming Genesis Eduventure Public School project to the portfolio of the trust.

·         Ahaar for All & Livelihood Support: Special focus is placed on the tiger-victim widows and poor women of Sundarbans. GECT supports more than 800 such women through sustainable livelihoods, buying organic produce grown by them, creating health cafes that route part of the profit to these families.

·         Healthcare and Sanitation: GECT organizes free health camps and even provides surgical assistance through Genesis Hospital to the people in Sundarbans. Construction of toilets and distribution of sanitation and hygiene kits are crucial in uplifting public health.

Every rupee donated to GECT goes directly into fuelling these transformative programs, making sure sustained and meaningful support is rendered to the community.

Maximizing Your Generosity: Understanding the 50% Tax Deduction Under 80G

The Indian government encourages philanthropy through Section 80G of the Income Tax Act, recognizing the essential place occupied by charitable organizations. Donors are able to claim a deduction on their contributions under this provision, effectively reducing their taxable income.

Genesis Educational & Charitable Trust is registered under Section 80G, which is a seal of approval for our compliance, transparency, and dedication to genuine charitable work. This registration acts as a mechanism that ensures your donation qualifies for a deduction.

What does 50% tax deduction under 80G mean for you?

For most registered charitable trusts and institutions like GECT, the standard and highly valuable provisions are the 50% Tax Deduction Under 80G (subject to the qualifying limit of 10% of adjusted gross total income, if applicable).

In other words, if you donate to GECT, you will be allowed to deduct 50% of the amount you have donated from your taxable income.

Example:In other words, if you donate ₹20,000 to GECT, you can claim a deduction of ₹10,000 (50% of ₹20,000) from your gross total income for that financial year. This direct reduction in your taxable income ultimately results in a lower tax liability, making your act of generosity financially rewarding.

Distinguishing the Deductions: 50% vs. 100% Tax Deduction under 80G

First, it should be realized that not all donations are created equal when it comes to deduction.

·         100% Tax Deduction Under 80G: This highest level of deduction is usually allowed in the case of donations to specified government funds, such as the Prime Minister's National Relief Fund, National Defence Fund, or funds for specific disaster relief. For these cases, the entire amount donated can be deducted.

·         50% Tax Exemption under 80G: This is applicable for donations to a wide array of well-established and registered charitable trusts and NGOs, such as GECT, involved with social welfare, education, and public good.

While GECT primarily falls under the category of 50% tax deduction under 80G, your contribution is maximized in two important ways: first, by delivering a substantial tax saving; secondly, it goes directly to fuel projects for bringing a better future for thousands of underprivileged people.

Your Role in GECT's Vision

A support to Genesis Educational & Charitable Trust means that you are actively creating a more equitable society. You are funding the textbooks, health camps, computer labs, and sustainable livelihood projects that empower communities to stand on their own feet.

By donating, you aren't just making a philanthropic commitment, but a very smart financial decision by leveraging the 50% tax deduction available under 80G to reduce your tax burden.

Your donation transforms lives today, while the tax benefit helps you plan for tomorrow. All you need to claim this deduction is a valid donation receipt from GECT, containing all the details including our 80G registration number and PAN, to submit with your Income Tax Return.

Embrace the power of giving today. Your partnership with Genesis Educational & Charitable Trust (GECT) is an investment in human potential, strengthened by the assurance of the 50% tax deduction under 80G.