Wednesday, 14 September 2022
Effects of hunger on children. Beat it by donating to charities
When you think of hunger, your
mind immediately paints a black and white picture of a child probably in
tattered clothes scurrying for food here and there.
Sadly, this is true and very uncomfortable.
India is home to 33 lakh undernourished children, out of which 17.7 lakh of them are severely malnourished.
For most of us, hunger is only
about skipping a meal. But, in reality, hunger is much more than a missed meal
and grumbling stomach.
Hunger is a vicious cycle that only makes room for hungrier children and it is unending.
If a child is hungry, depending
on the stage of hunger, h/she is categorised as suffering from:
- ·
Acute hunger
- ·
Chronic hunger
- · Hidden hunger
Acute hunger is when a child is undernourished for a definable time, for example, during wars and disasters. Chronic hunger is a form of hunger that is associated with poverty where they lack sufficient funds for healthy food. Hidden hunger is a form of hunger that results from an unbalanced diet where initially, the symptoms are not identifiable but in the long-term lead to nutritional deficiencies and illnesses.
Apart from these physical deficiencies and illnesses, children who stay hungry for a long time suffer from mental incapability like forgetfulness, decreased attention span and inability to remember long term memories, resulting in decreased academic scores.
Make charity donations to defeat hunger in children
NGOs target the grass root levels to eradicate all forms of hunger - acute, chronic and hidden. Some of them even go back to nourishing the mother who carries children – pregnant, nursing and new mothers.
Donating to these NGOs to nourish mothers and their children also makes you eligible to gain tax deductions.
Your tax deductible donations are either eligible for 50% or 100% tax exemption depending on the registration of the non-profit organisation.
Every charity wants to be the best
NGO to donate to because the cause they fight for is so genuine. Also, the
impact that donors’ contribution has on the beneficiaries is truly appreciable.
Here is a story of a young school child who has beaten the ill effects of
malnourishment.
Beating all the forms of hunger, he says his school lunch has changed him inside out. Adding to it, he says he prefers school meals to the food he gets to eat at home.
Sachin is a mid-day meal beneficiary of The Akshaya Patra Foundation, an NGO in India that serves nutritious meals every day. It has the distinction of being the world's largest NGO-run school lunch programme, serving freshly cooked nutritious meals to over 1.8 million children in 19,039 schools in 14 states and 2 union territories.
Make charity donations
to this organisation to end classroom hunger in children studying in Government
and Government-aided schools. Your tax deductible donations support food
and education of children whose parents cannot afford one square meal a day. Help
many more children like Sachin, to break the unending cycle of hunger by
feeding them with Akshaya Patra.
Thursday, 10 March 2022
5 tax-saving tips
Monday, 24 January 2022
Deductions qualifying for tax exemption
Salaried
employees are major contributors to the bucket of taxpayers in a country. Income
tax is paid as a part or percentage of the annual income that an individual
earns. It is every citizen’s duty to pay his income tax for all the rights he
earns in the country while he earns as a salaried employee or as an
entrepreneur.
According to the Government of India’s e-Filing portal of the Income Tax Department, there were 8.83-crore taxpayers
till 7th September 2021.
The
money collected by the tax department is used to provide various facilities for
the benefit of the citizens. How do you think the Government of India is able
to provide facilities free of cost? For example, public utility services like
metro construction, road construction, free health care facilities for the
underprivileged, all come from the money that is paid when you pay taxes.
The Government
has made various provisions to help its citizens gain tax exemption in India.
Paying
tax is inevitable, however making smart investments that will help you save as
well, is a smart choice people can opt for.
Tax exemption in India
Depending
on the nature of the income, there are various categories for tax exemption in India. The most common
of these are: House Rental Allowance (HRA), Education loan, car loan, Leave
Travel Allowance (LTA), contribution towards Employee’s Provident Fund (EPF) Scheme,
etc.
House Rent Allowance
If
you are a salaried employee who lives in a rented house, you stand a chance to
get the benefit of HRA. This amount could either be totally or partially
exempted from income tax. However, if you are not living in a rented property
but claim HRA, this entire amount will be taxable.
Leave Travel Allowance
If
you are a salaried employee and your employer has the provision of LTA, you can
claim for the exemption of your travel within India under Section 10(5) of the
Income Tax Act, 1961. However, tax exemption does not include food expenses,
shopping and stay, but, only for travel of the individual, their family
including children.
Deductions under section 80C,
80CC and 80CCD (1)
This
is by far, the most extensively used option to save tax. To encourage
individuals to save and invest in retirements plans, the Indian Government has
made provisions for individuals under these sections. These include Life
Insurance premium, Equity Linked Savings Scheme (ELSS), Employee Provident Fund
(EPF), Contribution to PPF Account, National Pension Scheme, National Saving
Certificate (NSC), etc.
NGO donations under section
80G
An
individual can get involved in philanthropic donations for tax write off. Charitable organisations give a
platform for an individual to engage in humanitarian services as well as to appreciate
the noble work by making you eligible for tax exemption too. The deductions
under Section 80G of the Income Tax Act of 1961 towards charitable
organisations are either eligible for 50% or 100% tax exemption depending on
the NGO being supported.
When
you contribute by making donations for
tax write off, you are not only saving on your taxable income, but you also
add goodness in your life for helping people in need. Thousands of
not-for-profit organisations receive donations
for tax write off, but the help that they provide to the organisation to
work towards its cause is often gone unnoticed.
Benefits of making NGO
donations
·
Gives inner satisfaction of
helping people
·
Giving back to society makes
an impact
·
Connects with like-minded
people
·
Saves tax on your contribution
·
Draws attention to the cause
·
Helps people in need with what
they require
Every
little support to people in need gives them relief from their suffering. The
Akshaya Patra Foundation is an NGO in India that provides free and unlimited food
for education of children coming from challenging socio-economic backgrounds. It
has the distinction of being the world's largest NGO run school lunch programme
spread across 60 locations in 14 states and 2 union territories of India.
Akshaya Patra provides nutritious and locally palatable meals to 1.8
million children coming from low-income sections of society.
AkshayaPatra is an NGO known for 21 years of relentless service, financial
transparency, and credibility. All your donations above INR 500 made towards
this NGO, are eligible for 50% tax exemption under section 80G of the Income
Tax Act. You will also get a tax exemption certificate within seven working
days with your name and contribution amount. So the next time you plan on
making tax saving investment, think of the benefits of donating to NGOs.
Wednesday, 5 January 2022
How can you claim tax exemption for donations?
In order to receive tax exemption for your donations, it is very important to verify whether or not the charitable organisation you are donating to is a qualified tax-exempt organisation because not all charitable organisations are eligible to give you tax benefits. Here is the 5-point checklist to claim tax exemption for donations to charitable organisations