ELEVATING YOUR GIVING : 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, contributors can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only minimizes your tax liability but also directs resources t

“It’s like obtaining a pension,” claims Simasko. “They’ll pay out you a fixed, predictable income stream for the rest of your lifetime. after you die, anything at all leftover stays Along with the charity.” The amount of income relies on the charity, the size of the reward and also your age—the older you will be, the upper the payment