Giving back to your community is a wonderful way to contribute the world. Also, it can also be a smart financial move by yielding valuable tax benefits. By giving to eligible charities, you can reduce your taxable income and obtain money on your tax bill. Several factors affect the amount of your tax savings, including the amount you donate, the t
Charitable Donations under Section 80G
Under Indian tax law, Section 80G grants financial incentives to individuals who make charitable contributions to eligible organizations. These donations are reduced against your tax liability, effectively reducing the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial t