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We appreciate your interest in supporting the humanitarian efforts of Hyderabad Zakat & Charitable Trust (HZCT). If you prefer to make an offline donation, kindly follow the instructions provided below:
Account Name: Hyderabad Zakat and Charitable Trust
Account No: 068010100372527
Bank Name: Axis Bank: M.G Road, Ranigunj, Secunderabad
IFSC Code: UTIB0000068
To make an offline donation, you can visit any Axis Bank branch and provide the above bank details to initiate the transaction. You can contribute to the noble causes championed by HZCT by transferring funds directly to the specified bank account.
Alternatively, you can also contact our trust office for assistance in making your donation. Our dedicated team will guide you through the process and provide any necessary support.
HZCT Trust Office:
#1-8-353 to 355, Near Passport Office,
Lane Opp. Begumpet Police Station, Begumpet,
Secunderabad – 500 003,
Telangana, India.
Phone: +91-40-27907680, 27901426
Email: [email protected]
We value your generosity and commitment towards making a positive impact on the lives of the underprivileged. Your donations contribute to meaningful programs that bring about lasting change and uplift the deserving individuals and communities. Thank you for choosing to support HZCT in our mission of compassion and social welfare.
1. Tips for fulfilling Zakat obligations effectively:
– Seek knowledge: Acquire a deep understanding of the principles and rules of Zakat as prescribed in the Quran and Hadith. Study reliable sources and consult knowledgeable scholars to ensure accurate Zakat calculations.
– Calculate comprehensively: Take into account all eligible assets, including cash, gold, silver, investments, and business profits, while calculating your Zakat. Ensure you accurately determine the Nisab (minimum threshold) and the applicable Zakat rate (generally 2.5%).
– Maintain meticulous records: Keep a record of your assets, incomes, and Zakat payments. Maintain receipts and documentation for transparency and accountability.
– Timing matters: Calculate your Zakat based on the Islamic lunar calendar. Determine the Zakat due date and pay it promptly to fulfill your obligation within the specified time frame.
2. Strategies for maximizing the impact of Zakat donations:
– Empower local communities: Focus on supporting local charitable organizations like HZCT that work closely with underprivileged communities in India. By donating locally, you can witness the direct impact of your Zakat on the lives of those in need.
– Target multiple areas of need: Allocate your Zakat contributions strategically to address various social issues, such as education, healthcare, poverty alleviation, orphan support, and vocational training. Consider the specific needs of different segments of society while distributing your Zakat.
– Sustainable development: Prioritize initiatives that promote sustainable development and self-reliance. Support projects that empower individuals and communities to break the cycle of poverty, such as skills training programs, microfinance projects, and income-generation initiatives.
– Collaborate for greater impact: Join hands with other Zakat donors, community organizations, and philanthropic entities to pool resources and create larger-scale interventions. Collaboration enables the collective impact of Zakat donations and fosters long-term change.
3. Information on tax benefits for Zakat contributions:
– In India, donations made to registered charitable organizations like HZCT are eligible for tax benefits under Section 80G of the Income Tax Act. Ensure that HZCT holds a valid 80G certification.
– By contributing your Zakat to HZCT, you can claim deductions on your taxable income, reducing your overall tax liability. Consult with a tax professional or financial advisor to understand the specific tax benefits applicable to your Zakat contributions.
– Obtain a receipt from HZCT for your Zakat donation, as it serves as a crucial document for claiming tax benefits during the filing of your income tax returns.
Remember, while the provided information gives a comprehensive overview of Zakat resources, it is advisable to seek guidance from scholars, financial advisors, or tax professionals to ensure accurate calculations and compliance with applicable laws and regulations. HZCT can provide specific guidance and resources to help donors fulfill their Zakat obligations effectively and make a meaningful impact through their contributions.