ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

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

“It’s like obtaining a pension,” claims Simasko. “They’ll pay back you a set, predictable income stream For the remainder of your daily life. as soon as you die, anything at all leftover stays with the charity.” The amount of income relies on the charity, the scale of the gift plus your age—the more mature you might be, the upper the