Different ways of getting tax exemption

No matter how much we earn, we all look for ways to save tax. And, as the income tax filing date nears, we try to dig into papers that can save our hard-earned money. Well, instead of stressing up yourself at the last minute, invest your money wisely in schemes that can avail you tax exemptions with ease.

Here is a list that can help you to save tax on your salary:

• House Rent – The Government of India allows exemption of tax for house rents under Section 80GG. House rent is an unavoidable expense that has to be borne by an employee, especially outstation employee, who relocates to different cities to fulfil the demands of their jobs. The eligibility of exemption depends upon certain criterions and the employee has to furnish rent receipts during income tax filing.

• Children Education Allowance – This allowance qualifies a salaried person to avail tax benefits for expenditure pertaining to school fees, hostel fees and similar education-related expenses of their children. This benefit can be availed for up to two children only.

• Housing Loan – A home loan comes with a specific interest rate. Hence, if a salaried person has taken a home loan then he can furnish the required papers to get a tax exemption on the interest amount.

• Donations: Contributing donations to a registered NGO or a charitable trust can exempt you from paying taxes on the donated amount under Section 80G. The donor can either claim for 100% or 50% exemption on the donated amount based upon the receiver and the criterions set by the Income Tax Act.

• Medical Insurance – Under Section 80D, one can claim for exemption on the medical insurance policy. It is applicable to the policyholder and the dependent members too. It is a good opportunity to save tax while remaining secured for any kind of health emergency.

As it is evident that making an investment is a good way to save tax, and, even better if this can bring about a positive change in the society. Offering charity to a not-for-profit can create a win-win situation for the donor and the society. One such NGO is The Akshaya Patra Foundation that provides school lunch to more than 1.6 million government school children on every school day. The Foundation operates its kitchens in 34 locations in 12 states of India. It strives to provide unlimited food for education so that ‘No child in India is deprived of education because of hunger.’ While sustaining its service for the current beneficiaries, the Foundation aims to expand its reach to more locations so that more children can be nourished from its Mid-Day Meal Programme. Akshaya Patra is a recognised charitable trust eligible to offer tax exemptions to its donors as per Section 80G of the Income Tax Act. The Foundation directs all the funds towards providing wholesome meals to children so that they grow up to be healthy, educated, and responsible assets for the country. Thus, by choosing to contribute online donations for NGO, you are not only saving tax on your income but also securing the lives of young children.

So, take a stand and support the cause that will provide for the less-privileged, foster hope, and constructively enrich our society.

Disclaimer: Each of the above-mentioned tax exemption plans has its own terms and conditions. Hence, it is advised to understand the respective tax exemption clauses prior to making an investment or a claim.

How right food matters for studies during exam?

It would not be wrong to say that exam fear has been in trend since time immemorial, and surprisingly it has remained unchanged! Doesn’t matter how brilliant a student is, exam time injects the fear in one and all. Even after attending motivational speeches, listening to loads of advice, and sitting through presentations on how to tackle exam tension, each and every child undergoes some degree of mental stress resulting in nervousness, blackout, panic, palpitation, and mood swings. Often times these changes also lead to eating disorder during exams. Some children may reduce their food intake, whereas others may consume twice or thrice their regular diet. Though unintentionally, but dietary change further disturbs the bodily equilibrium. So, it becomes imperative to maintain a good diet during exams, no matter how tensed the child is. Just like how the charity for children, The Akshaya Patra Foundation maintains the nutrition level in all their meals, no matter what is the menu and which location it is being served at.

Being cognizant of the core role of NGOs in the mid-day meal sector, Akshaya Patra ensures that through its school lunch programme it meets the main objectives of the Mid-Day Meal Scheme, i.e.:

• avoid classroom hunger
• increase school enrolment
• increase school attendance
• improve socialisation among castes
• address malnutrition
• empower women through employment

This charity for children understands the importance of right nutritional balance for the proper growth and development of children. Over the 17 years of serving mid-day meals, the NGO has also witnessed the positive impact of a well-balanced diet on the level of concentration, health, and activeness among children. Hence, a meticulous and detailed menu is designed by including variety of items in the meal menu while adhering to the nutritional and dietary norms stated by the Central Mid-Day Meal Scheme. In addition, each kitchen of Akshaya Patra complies with standard operational processes and maintains utmost cleanliness and hygiene while preparing and delivering cooked meals.

Not just with regards to mid-day meal, but meals at home must be well-balanced too. Here are some quick tips about healthy eating during exams:
• Smart snack at regular intervals – Instead of forcing down food during three big meals, it is wise to take breaks for small meals at regular intervals. Children must snack smartly by including items such as fruits, toast spread with peanut butter, vegetable sandwich, fresh juice, etc.
• Choose real instead of supplementary – Dietary supplements may sound convenient and good, but real food is always better. Hence, peeling an orange for Vitamin C is more beneficial than opening a pill case. Eating fresh fruits and salad vegetables will provide children with all the required nutrients like iron, B Vitamins, Vitamin C, protein, calcium, beta-carotene, antioxidants, fibre, and much more.
• Drink water – It is very important to keep the body hydrated else it may lead to fatigue and lack of ability to focus. Hence, drinking lots of water and fluid intake such as fresh juices, and milk becomes a must.

As a process of self-evaluation, Akshaya Patra at regular intervals conducts impact studies in partnership with third-party evaluators. These impact studies also bring to fore the important role of NGOs and the impact they are creating in general along with Akshaya Patra’s contribution in particular. In one such study conducted by Sigma Research and Consulting Pvt. Ltd. titled as ‘Assessment of mid-day meal programme in 8 states 2014’ states that the mid-day meals provided by Akshaya Patra fulfilled the recommended nutritional requirements while also being healthy and hygienic.

Well, as the exam begins in private schools so it begins in government schools too. And, interestingly the intention of students in both private and government schools is the same – to score good marks and come out in flying colours. Hence, support the cause of Akshaya Patra because by contributing towards mid-day meal you will indirectly donate for education in India too. So, contribute today and help children to receive adequate nutrition for this exam season and beyond.

How can we eliminate gender disparity in schools - International Women’s Day

The International Women’s Day is observed globally on 8 March every year. Though this day is approached and celebrated in different ways around the world heeding to the culture and history of the land, the focus is always to value women’s role in the society and their achievements. This day is celebrated based on various themes, with the theme for 2018 being ‘Press for Progress’. This theme rightly comes at a time when the findings of World Economic Forum's 2017 Global Gender Gap Report suggest that we might be more or less two centuries away from attaining gender parity. But, growing awareness, activism, support, and not to forget the crucial role of NGOs, has created a global movement for women empowerment and gender parity.

In India, gender disparity begins right from the birth of a girl child, and in certain cases in the prenatal stage itself. A forthcoming background paper on female literacy that was released in a blog-post by New York-based International Commission on Financing Global Education Opportunity (or Education Commission) indicates that India is under-performing compared to its neighbours, Pakistan, Bangladesh and Nepal. According to the report, India has a proportion of 48% women who completed primary schooling of five years and were literate, compared to 92% in Nepal, 74% in Pakistan and 54% in Bangladesh. The report points that India stands at a pretty low ranking in global indices too. If the 51 developing countries that were being compared, are ranked by the earliest grade at which at least 50% of women are literate then India ranks 38th among the 51 countries, whereas its neighbouring counterparts - Nepal ranks 3rd, Pakistan ranks 8th, and Bangladesh ranks 24th. This indicates the need for a result-oriented implementation of several programmes introduced by government and NGOs for children to create awareness for protecting girl child and providing them the equal right to education.

The main reason for gender disparity stems from the belief that girl child is a burden for the family, and her education is not of as much priority since she will be married of whereas the son will grow up to be the earning member for the family. It is estimated that about 3-million girls are out of school in India. And, in rural India only 1 in 100 girls reach Grade 12. While the number of girls attending primary school is roughly equal to boys, the gap widens in secondary school as they are forced to drop-out in view of stereotypical roles of helping at home or getting married. To deal with this situation we need to work as a community and support girl children through sponsor a child platform of various NGOs.

In order to uplift women and reduce gender parity, the Government of India has taken several measures such as Beti Bachao, Beti Padhao Yojana, Sukanya Samriddhi Yojana, Mid-Day Meal Scheme, Sarva Shiksha Abhiyaan, and the like. In addition, Punjab has recently announced a programme to encourage girls from all backgrounds to get quality education with the provision of free education in the state system right from nursery school to doctorate level at university. Many national and international leaders have time and again pressed upon the issue of education and empowerment of women and there are many NGOs for children that are directly working for safeguarding girl child rights.

Educating girls hugely benefits the family in particular and the entire country in general. It is time we take some tangible steps towards the notion, "If you educate a woman, you educate a family. If you educate a girl, you educate the future" because the large proportion of illiterate females is one of the main reasons for the low literacy rate in India. And, there is no denying of the fact that only an educated mother can educate her children. Hence, it is time to break down barriers that prevent girls from going to school by getting involved to support the role of NGOs and government initiatives. And, what better way to counter gender disparity than sponsoring education for a girl child on this International Women’s Day. So, go ahead and sponsor a child, a girl child who is the backbone of prosperity and development.

World NGO Day - Contributing to the Cause

In an effort to honour and encourage the generous services of the NGOs, 27th February is commemorated as the World NGO Day. It is an annual event celebrated globally by various organisations, communities, and leaders. With the universal concept of Celebrate, Commemorate and Collaborate, the first World NGO Day was first celebrated on 27th February 2014 with the intention to motivate people to get involved more actively with the activities of various NGOs and also create a synergy between NGOs and other sectors and communities. This day also gives an opportunity to appreciate the efforts of those NGOs who excel in their service making them top NGO in their specific segment.

NGOs play an all-encompassing role in the well-being and sustainability of the entire society. NGOs are legally constituted private organisations or groups that work independently from any form of government, i.e. they are not managed or owned by the government or government representatives. The NGOs reflect upon various issues and work in tandem with larger organisations like UN, UNESCO etc. and also receive aid from individual volunteers and corporate supporters. The role of NGOs is significantly important because:

- Their services range from social development, human development, health, skill development, environment to animal rights, and more.
- NGOs work at all levels – local, national, international – thereby being to cater to the needs from the grass root level to the global level
- The operational structure of NGOs enables organisations to get involved more closely with their respective causes resulting in a more focussed way of dealing with an issue.

One such organisation working towards improving child nutrition and education is The Akshaya Patra Foundation, an Indian NGO implementing the Mid-Day Meal Scheme across 12 states in the country. With the vision of ‘No child in India shall be deprived of education because of hunger’ this organisation steers all its effort to maximise the potential of technology and resources towards providing nutritious and wholesome meals to school children. The Foundation has been ranked 23rd among the top 100 NGOs featured in the 2013 edition of The Global Journal titled ‘Top 100 NGOs Annual Ranking’. Since its inception in 2000, this top NGO has achieved many important milestones such as:

• Akshaya Patra is the first organisation to enter into a Public-Private Partnership in the mid-day meal programme sector by signing a MoU with the Government of Karnataka.
• Along with mechanised and centralised kitchens, Akshaya Patra also has a well-structured network of decentralised kitchens to serve mid-day meals in remote areas like Baran in Rajasthan and Nayagarh in Odisha.
• In 2006, Akshaya Patra was considered as a case study at the prestigious Harvard Business School as part of its MBA curriculum.
• Setting an example for accountability, Akshaya Patra became the first NGO to comply with the IFRS and also the winner of the Gold Shield for Excellence in Financial Reporting by the ICAI for five consecutive years.
• Entered the India Book of Records for running the world's largest school meal programme.
• Akshaya Patra proudly hosted His Holiness The 14th Dalai Lama, Former President of the United States of America, Bill Clinton, Former President of India Pranab Mukherjee among other noted dignitaries.
• Out of 34 centralised kitchens, 15 kitchens are ISO 22000:2005 certified.
• Presently, Akshaya Patra is impacting the lives of 16,75,008 children in 13,839 schools across 12 states in India.

Akshaya Patra is at a watershed moment and aims to feed 5 million children by 2020. The Foundation believes that it is an achievable aspiration provided there is equal involvement of the society and hence has provided several platforms to get involved with the cause. As a supporter, one can choose to donate online, sponsor a child, school, kitchen, or a meal delivery vehicle. Supporters can also initiate an online campaign in support of the cause. All donors will be eligible to avail 80G deduction under the Income Tax Act. So, this World NGO Day come forward and donate for the Akshaya Patra’s Mid-Day Meal Programme and save tax on your hard earned money too!

Fight Classroom Hunger, but the right way

Fighting malnutrition, especially among children, is now a challenge that transcends all classes of society and regions. But, a significant proportion of school-going children in India now need not worry as they are now able to escape the scourge of hunger and malnutrition, thanks to the efforts of The Akshaya Patra Foundation.

The food supplied from the 34 kitchens of Akshaya Patra across the country is not merely cooked to fill the stomachs, but it is a wholesome balanced meal that supplies all the necessary nutrition. The food that the children get in their mid-day meals are fortified with the required nutrients necessary for both physical and mental development of children. The food is fortified with nutrients like vitamin A, B vitamins, vitamin D, folic acid, iodine and iron. Food fortification is done to decrease the occurrence of nutrient deficiencies. It is extremely important for children in their growing years to get these nutrients in their food.

You could play a role in this endeavour by donating for education in India and ensuring that children from across the country benefit, both in terms of their dietary needs as well as their educational needs.

Philosophies driving the kitchens

With its primary aim to supply high quality and safe food from its 34 kitchens, Akshaya Patra has introduced various metrics in every area of its operations and service delivery. It has partnered with different organisations to review the quality of its mid-day meals prepared and served to more than 1.6 million children every day. To maintain the quality of the meal, it has standardised the recipes.

Say Kaizen and 5S, the Japanese business philosophies, and the ones that come into your mind would be corporate majors like Toyota. But, it's part and parcel of Akshaya Patra's kitchen operations. To improve the quality standards, Japanese management technique of Kaizen and 5S, the method of workplace organisation that uses five Japanese words: seiri, seiton, seiso, seiketsu, and shitsuke. They describe ways to organise a workspace for efficiency and effectiveness by identifying and storing the items used. With the Foundation focused on Employee Health and Safety too, it holds activities to increase the hygiene standards and improve safety and health.

A top NGO like Akshaya Patra which has the wherewithal to ensure the food is balanced, can be trusted in ensuring that the children get the right kind of meals. A meal that is not well-balanced would result in children growing up malnourished. A food without the micro-nutrients would affect the mental development of children too and its impact would be visible in adulthood.

Keeping Children healthy

With the government having so many things to focus on, NGOs have a role in ensuring that the ills caused by unhealthy foods are taught to children and their parents to ensure they get the right kind of food.

The Foundation, over the last 17 years, has been continuously trying to reach as many children as possible. Today it feeds over 1.6 million children across 12 states in the country.