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, taxpayers 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 allocates resources to

“It’s like obtaining a pension,” suggests Simasko. “They’ll pay you a set, predictable income stream for the rest of your life. after you die, nearly anything leftover stays with the charity.” the level of income relies on the charity, the dimensions of one's gift as well as your age—the older that you are, the higher the payment. wh