Help - Chain Reaction?

Dear All, Greetings from Sai Anugraha!!! We all know what a CHAIN REACTION is. Please read more about the same below.

Chain reaction : It is a sequence of reactions where a reactive product or by-product causes additional reactions to take place. In a chain reaction, positive feedback leads to a self-amplifying chain of events. That is Science. 

But today the Chain Reaction which I’m mentioning below is about HELP. The concept may be new or may be different or may be wrong or sounds like a movie story but this worked out very well in many times and I’m mentioning 2 of such incidents here. 

In 2009 & 2010 from Sai Anugraha we extended our helping hand to Gowthami by paying her III & Final Year college fee for her BE course which was referred by Prasad from TEAM VISION and also distributed School uniforms and note books to students at Government Girls High School, Cheepurupalli referred by MVLN Murthy. 

Chain Reaction # 1 : Gowthami 

A bright student from middle class family got good rank in Engineering Entrance Examination (EAMCET) and was very happy that her dream of becoming Software Engineer will be fulfilled in 4 years. But all of a sudden, she lost her father and was not in a position to pay the college fee. She approached SAI ANUGRAHA for III and Final year college fee. With the help of our Sai Anugraha family members, we paid the fee and she successfully completed her BE course and got placement at Mphasis in 2011. 

When we paid the college fee of III year she wrote a thanking letter and mentioned “I will serve the poor and needy the best possible way I can" . After few days we came to know from Prasad that Gowthami started taking free tuition for the children who are from below poverty line and middle class who cannot afford. We felt very happy knowing this. Point to be noted here is - We did not ask her any help or did not request her to help the needy. But she was moved by the situation in which she was at that time and extended her helping hand to the needy. We are very confident that the kids who got free tuition from Gowthami when they settle in life will definitely extend their helping hand for the poor and the needy. 

Chain Reaction # 2 Students of Govt. Girls High School, Cheepurupalli

You all know Sai Anugraha distributed school uniforms in 2009 and note books in 2010 and 2011 to the economically backward students of Govt. Girls High School,Cheepurupalli which was referred by MVLN Murthy. 

In 2009, we got 1 medical help request referred by Jitendra ji for Lakshmi who was suffering with Blood cancer and admitted in CMC Hospital, Vellore. At that time we were not collecting monthly or yearly donations and used to collect money when ever we get any request. We dropped email to entire Sai Anugraha family asking for donations and called MVLN Murthy and updated the situation and he became dull moved by Lakshmi’s situation. Students who were there in the class noticed this and got information from him and announced in the assembly session next day that “Sai Anugraha is going to help a poor girl in Tamilnadu and collecting funds and please contribute whatever you can.” 

Surprisingly they collected INR 500/- on the spot and sent to Sai Anugraha and asked to utilize this for Lakshmi’s treatment. Here also we did not ask for any help from the students but it came straight from the heart of the students which is a perfect example of Chain Reaction of HELP. 

The help we extended from Sai Anugraha to Gowthami & Students of the school may be small, but the thought which arose in the young minds in serving the needy is very big and really appreciated and it will continue forever and brings big Impact. 

We thank Gowthami and all the students of Govt. Girls High School for this from the bottom of our heart.

Thanks & Regards,

Sai Anugraha

Shradha-Saburi

LoveAll-ServeAll

80G for Sai Anugraha

Dear All, Greetings from Sai Anugraha! 

We are very happy to inform you that Sai Anugraha is granted with 80G on 26th April 2012. I would like to thank and congratulate each and every Sai Anugraha family member/well-wisher for the same. The amount donated towards Sai Anugraha is now eligible for deduction u/sec 80G of the Income Tax Act, 1961 vide order No. DIT(E) No.2(1220)/10-11 dtd. 26th Apr 2012. 

Please find below the process of calculating deduction amount 

A taxpayer claiming deduction under section 80G should find out the donation amount that qualifies for the deduction. He/She has to compute the actual donation with reference to the qualifying amount. 

Step 1: Find out the qualifying amount. 

The qualifying amount under this category will be lower of the the following two amounts: 

• The amount of donation 
• 10 per cent of the gross total income as reduced by all other deductions under Chapter VI-A of the Income Tax Act such as 80C (PPF, LIC etc.), 80D (mediclaim), 80CCC (pension schemes) etc. 

For example, a taxpayer named Laxmi Sharma has 

• Taxable salary of Rs 500,000. 
• He has deposited Rs 70,000 in Public Provident Fund 
• He Deposited Rs 60,000 in his company provident fund. 
• He donates Rs 45,000 to CRY (Child Relief & You) trust. 

Presuming he has no other income, his taxable income will be computed as under: 

• Gross salary Rs 500,000 
• Less: Deduction under section 80C restricted to Rs 100,000 
• Gross total income (before 80G) Rs 400,000 
• After making donation to CRY, his qualifying amount for 80G will be: Actual amount of donation Rs 45,000. 10% of Gross total income as computed above Rs 40,000, since 40,000 is lower, the qualifying amount will be Rs 40,000.

Step 2: Find out actual deduction 

The next question that arises is how much would be the actual deduction? In the case of donations to private trusts, the actual amount of donation would be 50 per cent of the qualifying amount. Therefore, in the example given above, since the donation is made to a private trust, the deduction will be 50 per cent of the qualifying amount ie 50 per cent of Rs 40,000 = Rs 20,000. So, 

• Gross total income (Before 80G) Rs 400,000 
• Less: deduction under section 80G Rs 20,000 
• Total income (taxable income) Rs 380,000

Step 3: Check upper limit 

Finally, the deduction under section 80G cannot exceed your taxable income. For example, if your income before deduction is Rs 3 lakh and if you have given donation of Rs 5 lakh to the Prime Minister’s National Relief Fund, please do not expect to claim a loss of Rs 2 lakhs. Your income will be NIL (Rs 3 lakh – Rs 3 lakh). The deduction will be restricted to the amount of your income. 

Please reach out to us to know more details about 80G. I sincerely thank each and every Sai Anugraha family member and well wisher for rendering the continuous support and helping hand. Looking forward for the same support and encouragement. 

Thanks & Regards, 

Sai Anugraha 

Shradha-Saburi 

Love All-Serve All

DIKSUCHI

Dear All, Greetings from SAI ANUGRAHA. 

Please find our new initiative 'DIKSUCHI' being launched on May Day. As you all know 'DIKSUCHI' means instrument which shows direction. Main aim in starting this initiative is to guide FRESHERS looking for job opportunities by providing information about job openings in different companies. Requesting Sai Anugraha family members to enter FRESHER recruitment details from different companies (if any) or to share the details entered here with FRESHERS looking for an opportunity. Please note SAI ANUGRAHA will not encourage or send details of recruitment for experienced people. 

How it works 

1. Need to update the fresher's recruitment details (if you know any). 

2. It will trigger email to Sai Anugraha. 

3. We will send email to Sai Anugraha family members with the info. 

4. Sai Anugraha family members has to share the details with freshers looking for an opportunity. 

Thanks to Durga for sharing the idea. Please share your ideas with us in helping out the needy. We will take it forward from SAI ANUGRAHA. Please pass your valuable comments/suggestions about this initiative. Thanks for the support and encouragement.

Thanks & Regards,

SAI ANUGRAHA

Shradha-Saburi

Love All-Serve All