Giving back to society is a wonderful way to contribute the world. Also, it can also be a smart financial move by offering valuable tax benefits. By giving to eligible charities, you can decrease your taxable income and obtain money on your tax bill. Several factors determine the amount of your tax savings, such as the amount you donate, the type
Tax Benefits from Charitable Giving under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make generous donations to eligible organizations. These contributions are reduced against your tax liability, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial to note tha