Reimagining the approach to financing political parties involves addressing two pivotal concerns.

Firstly, the question of why individuals should contribute to political parties when they already bear a significant tax burden looms large. Secondly, the apprehension of potential repercussions for those who choose to donate to political causes requires attention.

Consider a scenario where you pay 100,000 rupees in taxes annually and are open to donating 10,000 rupees to political parties. Currently, a mere 80G benefit is granted on the 10,000 rupees, which is subtracted from your taxable income. In effect, you save Rs 3,000 in taxes but still contribute 7,000 rupees additionally towards nation-building, paying a total of 97,000 rupees in taxes and 10,000 rupees to political parties.

Now, envision a shift in this paradigm as explained in the video: You contribute 90,000 rupees to the income tax department and allocate 10,000 rupees to political parties. Crucially, there is no alteration in your annual tax. To incentivize and encourage this behavior, a slight additional benefit — less than one percent — could be extended, returning more money to the taxpayer’s pocket.

Watch the attached video for a detailed explanation and kindly share your thoughts and suggestions.

If you are interested in actively participating in materializing these ideas, feel free to reach out to me. Additionally, please share this video and message to foster wider awareness and discussion.