ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only lowers your tax liability but also allocates resources

“It’s like getting a pension,” claims Simasko. “They’ll spend you a fixed, predictable income stream For the remainder of your daily life. when you finally die, everything leftover stays Along with the charity.” the level of income is dependent upon the charity, the size of your gift and also your age—the more mature you might be, the