Giving back to your community is a wonderful way to contribute the world. Also, it can also be a smart financial move by offering valuable tax benefits. By donating to eligible charities, you can lower your taxable income and save money on your tax bill. Numerous factors determine the amount of your tax savings, like the amount you donate, the typ
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants financial incentives to individuals who make philanthropic gifts to eligible organizations. These donations are subtracted from your overall tax burden, effectively reducing Guide the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the donation. It's