MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that fosters 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 organizations . This provision not only reduces your tax liability but also channels resources

“It’s like obtaining a pension,” claims Simasko. “They’ll shell out you a set, predictable income stream For the remainder of your lifetime. when you finally die, nearly anything leftover stays Along with the charity.” the quantity of income is determined by the charity, the size within your reward and also your age—the more mature yo