Hyderabad, April 4 -- The Indian Institute of Technology Hyderabad (IIT Hyderabad) has achieved a significant milestone as it has been declared an Institute of National Eminence by the government of India.

The recognition comes with a major financial benefit. Donations to IIT Hyderabad are now 100 percent tax-exempt under Section 80G of the Income Tax Act.

Boost for philanthropy, research funding

Previously, contributions to IIT Hyderabad only qualified for a 50 percent tax deduction. However, starting March 27, donors including corporates, alumni, and philanthropists can claim full tax exemption on their contributions.

The move is expected to attract higher funding for academic programs, cutting-edge research, and technological innov...