You can save Tax by donating to Shri Ram Mandir, Let’s Know How to donate and save Tax

Did you know – You can save tax by contributing to Shri Ram Mandir in Ayodhya. If not, then you are at right place. In this article, we will tell you important details related to contributions for Shri Ram Mandir. The Ayodhya Temple consecration took place on 22 January 2024 and the temple is now open to general public.

How can you save Income Tax by contributing to Shri Ram Temple in Ayodhya?

The Ram Mandir in Ayodhya has been recognized by the Central Government as “Shri Ram Janmabhoomi Teerth Kshetra” (PAN: AAZTS6197B) – a site of historical significance and public worship.

Contributions made to the temple are eligible for deductions under Section 80G of the Income-tax Act, 1961. The official website of Shri Ram Janmabhoomi Teerth Kshetra offers diverse options and methods for seamless donation processes.

What is Section 80G?

Section 80G of the Income-tax Act, 1961 is a provision that allows individuals and entities to claim deductions on donations made to specified funds, charitable institutions, and certain other entities. This section encourages philanthropy and social welfare activities by providing financial incentives to donors.

How to donate?

Visit the official website of Shri Ram Janmabhoomi Teerth Kshetra and proceed to the donation section.

• Log in using a Mobile OTP.
• Provide necessary donor information: name, purpose of donation, PAN Number, donation amount, address, mobile number, and email ID.
• The donation receipt is instantly generated and downloadable.
• Multiple donation methods are available, including payment gateways, UPI, NEFT, IMPS, demand draft, and cheque payments.

Deductions under Section 80G for Donations to Shri Ram Trust:

Donations to Shri Ram Trust qualify for deductions under Section 80G based on specific criteria.

• Designate donations for the renovation or repair of the temple.
• Obtain a donation receipt for documentation.
• Cash donations exceeding Rs. 2,000 are not permissible.
• Deductions can be claimed for up to 50% of the donated amount, subject to the qualifying limit.

Pre-filled Deductions in ITR and Qualifying Limits:

In cases where the information is absent in the ITR form, verification through Form 10BD filing is necessary.

• Some organizations impose no qualifying restrictions, allowing deductions of up to 50% or the entire amount, depending on the circumstance.
• Others maintain a qualifying limit of 10% of adjusted gross total income.
• Contributions to the latter type of institutes must not exceed 10% of the adjusted gross total revenue.

By adhering to these structured guidelines, taxpayers can make informed donations to support the development of the Ram Mandir, while concurrently optimizing their income tax savings through legitimate deductions.