Donating to your preferred charity may save you income tax; here's how

Section 80G, 80GGA and 80GGC cover provisions which make your donations eligible for tax deductions.

Income tax rules in India allow taxpayers to seek deduction against money they donate to charities within the given financial year.

Section 80C of I-T Act which offers tax savings of up to Rs 1,50,000 in a year, lists down several tax saving investment plans. The most common ones are Equity Linked Savings Scheme, Sukanya Samriddhi Account, National Savings Certificate and deposits in PPF account.

Charity is one more option that can help you save tax. The donations you make are also an expense for you. Section 80G, 80GGA and 80GGC cover provisions which make your donations eligible for tax deductions.

Speaking with Zeebiz, Archit Gupta, Founder & CEO of ClearTax.com, explains how. He said, "Donating money to certain funds such as PM relief fund and some notified NGO can help you save tax."

However, not every charity gives you 100% tax saving. In some cases only 50% deduction is allowed of the amount donated. There is a specified list of funds eligible for donation u/s 80G is available. Donation can also be made to scientific institutions and religious body. But the donation should not be made in cash for amount above Rs 10,000, Gupta pointed out.

How can you claim the deduction?

As per ClearTax, there are four important details that you need to submit in your Income Tax Return:

Name of the Donee
PAN of the Donee
Address of the Donee
and the amount contributed

Morever, here's a list of funds and institutions under Section 80G where donations with 100% deduction without any qualifying limit:

National Defence Fund set up by the Central Government
Prime Minister's National Relief Fund
National Foundation for Communal Harmony
An approved university/educational institution of National eminence
Zila Saksharta Samiti constituted in any district under the chairmanship of the Collector of that district
Fund set up by a State Government for the medical relief to the poor
National Illness Assistance Fund
National Blood Transfusion Council or to any State Blood Transfusion Council
National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities
National Sports Fund
National Cultural Fund
Fund for Technology Development and Application
National Children's Fund
Chief Minister's Relief Fund or Lieutenant Governor's Relief Fund with respect to any State or Union Territory
the Army Central Welfare Fund or the Indian Naval Benevolent Fund or the Air Force Central Welfare Fund, Andhra Pradesh Chief Minister's Cyclone Relief Fund, 1996
The Maharashtra Chief Minister's Relief Fund during October 1, 1993 and October 6, 1993
Chief Minister's Earthquake Relief Fund, Maharashtra
Any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat
Any trust, institution or fund to which Section 80G(5C) applies for providing relief to the victims of earthquake in Gujarat (contribution made during January 26, 2001 and September 30, 2001) or
Prime Minister's Armenia Earthquake Relief Fund
Africa (Public Contributions - India) Fund
Swachh Bharat Kosh (applicable from FY 2014-15)
Clean Ganga Fund (applicable from FY 2014-15)
National Fund for Control of Drug Abuse (applicable from FY 2015-16)