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Here's A Tax Calculator That Helps You Calculate Taxes After You Donate

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India's First Integrated Payment Solutions Platform exclusively for NGOs has launched an interactive tool, its Giving Calculator, to allow you to calculate taxes post your donations.

 
Here's A Tax Calculator That Helps You Calculate Taxes After You Donate

You can use the Giving Calculator to determine your ideal giving amount and subsequent tax
savings. The calculator calculates an individual's tax savings and their annual and monthly
giving amounts based on their total annual income, aspirational giving levels and their tax
bracket.

So, as you sit down at the end of this financial year for your tax-planning and make your
personal investments decisions, remember to donate and make a social investment as well.
Social investments not only provide a tax benefit but also help you to make the world a better
place.

You can claim deductions under Section 80G of the Income Tax Act for contributions made to
certain relief funds and charitable institutions. You can claim 100% or 50% deductions based on
which charitable organization/ fund you donate to.

Dhaval Udani, CEO-DanaMojo said, "While most people give out of the goodness of their
hearts, it is important for individuals to understand that they can make savings for their
philanthropic efforts and make giving a consistent habit. Our calculator allows them to set an
annual or monthly target and to understand these savings at the end of the financial year."
This powerful tool is a must use for all Indian citizens that will allow them to save on taxes while
giving more to the causes they care most about. The platform allows complete privacy as it does
not ask nor store any personally identifiable information.

DanaMojo has recently also launched a Giving Marketplace, making it a complete solutions
provider to NGOs and individuals.

DanaMojo is India's First Integrated Payment Solutions Platform for NGOs that offers a holistic
solution, reducing the overall cost, time and effort for NGOs while supporting their objective of
increasing donations.

Read more about: income tax
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