Giving back to society is a wonderful way to impact the world. But, it can also be a smart financial move by providing valuable tax benefits. By donating to eligible charities, you can reduce your taxable income and acquire money on your tax bill. Several factors affect the amount of your tax savings, like the amount you donate, the type of charit
Tax Benefits from Charitable Giving 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 taxes payable. The extent of the deduction depends on the type of organization and the nature of the contribution. It's cruci