Giving back to your community is a wonderful way to make a difference the world. Also, it can also be a smart financial move by providing valuable tax benefits. By donating to eligible charities, you can lower your taxable income and acquire money on your tax bill. Several factors influence the amount of your tax savings, like the amount you donat
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants financial incentives to individuals who make charitable contributions to eligible organizations. These gifts are reduced against your tax liability, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the donation. It's crucial to