ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only minimizes your tax liability but also allocates resource

“It’s like obtaining a pension,” says Simasko. “They’ll fork out you a set, predictable income stream for the rest of your life. when you die, just about anything leftover stays with the charity.” the quantity of income depends on the charity, the size of the gift and your age—the older you might be, the higher the payment. As of 202