Q.1 Can cards issued outside of India be used to make payments on the payment gateway?
Debit cards issued outside India will not work. Credit cards issued outside India having 2 layer authentication will work.

Q.3 Is there any transaction charge for online payment?
For Net Banking – Rs. 20 per Transaction + applicable Total GST Credit Card (Visa/ Master) – 1.20% of the transaction amount+ applicable Total GST Credit Card (American Express) – 2.85% of the transaction amount + applicable Total GST Debit Card (Visa/ Master) - 1.00% of the transaction amount+ applicable Total GST Debit Card (Rupay) – Nil Charges Cash card/ Wallets – 1.75% of the transaction amount + applicable Total GST Note: the total amount that will be charged to your bank/card account will be the bill amount plus the applicable convenience fees as shown above.

Q1. What are the modes through which domestic donations can be made?  All domestic donors can contribute through Wire Transfer / Credit Card / Debit Card / Cheque / UPI/ Wallet & Cash Card. If you want to pay using UPI/Cheque/ Direct Wire Transfer, please pay to IIMA's Indian Currency acount.

Q2. Are CSR Donations accepted in the 1985 Batch Donation drive?
No. CSR donations are not accepted for the 1985 Batch Donation drive.

Q3. Are contributions towards the 1985 Batch Donation drive exempted from Income Tax?
Yes, all donations to the 1985 Batch Donation drive are 100% Tax deductible. IIMA is notified u/s 80G(2)(a)(iiif) of the Income Tax Act, 1961. Accordingly, the donors are entitled to a 100% deduction without any limit for the old tax regime. For more details, click here

Q4. How will be a formal donation receipt issued for my donation?
We are keeping a record of your donation on this site. We will use this data to validate your donation with our bank. Once your amount is received in our bank account, we will get in touch with you through email/mobile (that you have submitted on this site) to complete your details for issuing the 80G Tax Receipt. Once the receipt is issued, we will mail a copy of the same to your email as well as send a hard copy through the post to the address shared in the donation form.

Q5. Can you explain about changes in the tax regime effective 1st April 2024 w.r.t 80G donations?

The contributions by Indian taxpayers to IIMA - both individuals and organizations having Indian PAN are 100% tax deductible under 80G provisions of Income Tax Act, 1961.

Effective 1st April 2023, 80G benefit towards tax deduction only remains FOR THOSE WHO OPT FOR the old tax regime. The new tax regime does not accord 80G tax deduction, even though IIMA is notified under 80G of Income tax Act, 1961. Filing returns for FY24 onwards in the old regime vs new regime is currently at the discretion of the donors. Taxation details should hence be run past respective tax advisors in your local jurisdiction as needed.

Q1- I am a donor from the UK and how do I take tax benefits after my donation to the 1985 Batch Donation drive?
For donors in the United Kingdom, tax-effective giving to the 1985 batch donation drive is possible via the tax incentives as available under Gift Aid. Donations are also eligible for employer matching programs. To avail of the tax benefits, donations should be sent to IIMA Alumni Association London, which is a registered charity with the UK charities commission # 1117664 & HMRC Tax id: 922/XT3019. Further details on Gift Aid, including the latest tax relief rates, are available at: https://www.gov.uk/donating-to-charity/gift-aid

Q2- What is the bank details for donations to the IIMA Alumni Association London?
Funds can be transferred to IIMA Alumni Association London as given here:

Q3- Whom should I get in touch with after my donation to IIMA Alumni Association London?
After the online payment, please inform Kaushik Suresh (kaushik.s1988@gmail.com) and Sanchay Singla (sanchay.singla@gmail.com) with a copy to Chhavi Moodgal ceo.endowment@iima.ac.in, and Prof. Sunil Maheshwari dean-aer@iima.ac.in mentioning the purpose of the donation, full-name and mailing address and if possible, a screenshot of the transfer.

Q4- How do I claim Tax for my donation to the 1985 Batch Donation drive?
The receipt will be issued once funds have been received. The UK chapter will be sending out a Gift Aid form, which the donor is requested to complete and send back to the UK Chapter. This will help the charity claim tax incentives from the HMRC. Taxation details should be run past tax advisors in your local jurisdiction as needed.

Q1- I am a donor from the US and how do I take tax benefits after my donation to the 1985 Batch Donation drive?
For donors in the USA, donations received are tax deductible as a 501(c)(3) Tax ID No.: 22-3749107 (a charitable or not-for-profit organization).

Q2- What is the bank details for donations to the IIMA Alumni Association USA?
Funds can be transferred to IIMA Alumni Association USA as given here:

Q3- Whom should I get in touch with after my donation to IIMA Alumni Association USA?
Please inform Ritesh Agarwal through email connect2ritesh9@gmail.com with a copy to ceo.endowment@iima.ac.in and dean-aer@iima.ac.in mentioning the purpose of the donation, full name and mailing address If possible, please attach a screenshot of the transfer.

Q4- How do I claim Tax for my donation to the 1985 Batch Donation drive?
The contributions would be to 501 c (3) USA (Tax ID No.: 22-3749107) Charity for tax purposes. A receipt would be sent after your contribution is credited to the bank account. Subsequently, your contributed funds would be transferred to IIMA. Taxation details should be run past tax advisors in your local jurisdiction as needed.

Q.1 Who can contribute to the FCRA account?
Only Citizens of Foreign Countries can contribute to the FCRA account. NRI's cannot contribute to the FCRA account as per RBI guidelines.

Q.2 I am an NRI. How do I contribute?
You can use your credit card, if it has 2 factor authentication, to make a payment using the payment gateway. If not, you can transfer money to IIMA's account (in INR) using your bank's netbanking or through cheque, SWIFT, NEFT, RTGS. The details of IIMA's bank account is given here. If you have an India Pan Card, you will get 100% tax deduction in India. Taxation details should be run past tax advisors in your local jurisdiction as needed.

Q.3 I am not an Indian. How do I contribute?
You can contribute to IIMA's FCRA account in your local currency from your bank account through net banking, cheque, SWIFT, NEFT or RTGS. The details of the FCRA account are given here. If you have an Indian PAN card, you will get 100% tax deduction in India.

Q.4 Can citizens/ residents of US and UK contribute to IIMA's account directly, instead of transfering through the respective alumni association?
Yes you can. You need to transfer to IIMA's FCRA or local currency account depending on whether you are a citizen or resident of US/UK. However, in that case, you will get tax benefit in India (provided you have an Indian PAN card), not in your country of residence.