MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that encourages 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 organizations . This provision not only lowers your tax liability but also directs resour

“It’s like obtaining a pension,” suggests Simasko. “They’ll shell out you a fixed, predictable income stream For the remainder of your lifetime. after you die, nearly anything leftover stays Together with the charity.” the level of income is dependent upon the charity, the size of your respective present plus your age—the older you wi