MAXIMIZING YOUR IMPACT : 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 allocates resources

“It’s like obtaining a pension,” suggests Simasko. “They’ll spend you a fixed, predictable income stream for the rest of your lifetime. when you die, anything leftover stays While using the charity.” the level of income is determined by the charity, the size within your present and your age—the more mature you might be, the upper the