Donate to Children and Save Tax

The Government of India has made provisions to help tax-payable citizens save tax on every charitable donation, under section 80G of Income-tax Act, 1961. When you donate to charity, you can claim IT exemption of 100% or 50% of the donation amount. This depends upon the criteria set by the Income Tax Act. Common examples of organisations you can make tax exemption donation towards are: public charitable trusts, non-governmental organisations, relief funds and the like.