Giving back to society is a wonderful way to impact the world. Also, it can also be a smart financial move by offering valuable tax benefits. By contributing to eligible charities, you can reduce your taxable income and save money on your tax bill. Several factors affect the amount of your tax savings, including the amount you donate, the type of
Maximizing Your Charitable Impact: Understanding Section 80G Donations
Donating to charitable organizations is a noble act that can significantly impact society. However, maximizing your charitable impact often involves understanding the tax benefits available. In India, Section 80G of the Income Tax Act provides generous deductions for donations made to eligible non-profits. By leveraging this provision, you can not