HNI wealth · Family Office
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For individuals donating to charities: Sec 133, Income-tax Act 2025 (old Sec 80G) deduction of 50% or 100% of donation amount from taxable income. 100% deduction for PM CARES, national defence fund, certain national bodies. 50% for most charitable trusts with Sec 133 (old Sec 80G) registration.
IT Act, Sec 133 (old 80G; Sec 133 (old 80G) deduction for donors) | Sec 135 Companies Act (CSR)
Setting up your own family foundation (charitable trust): Donations to your own charitable trust qualify under Sec 133 (old Sec 80G) if the trust is Sec 332 (old Sec 12AB) registered. Family can deduct Sec 133 (old Sec 80G) on donations to the trust. Trust invests corpus, uses income for charitable activities. Income exempt from tax (Sec 11). For companies (₹5Cr+ net profit): 2% of average net profit must be spent on CSR under Companies Act Sec 135. CSR expenditure through PM CARES or national trust is deductible. Through own foundation: deductible only if 12AB registered and money is actually spent on eligible activities.
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