Giving back to those in need is a wonderful way to make a difference the world. Furthermore, it can also be a smart financial move by yielding valuable tax benefits. By giving 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, like the amount you donate,
Charitable Donations under Section 80G
Under Indian tax law, Section 80G grants financial incentives to individuals who make philanthropic gifts to eligible organizations. These donations are subtracted from your overall tax burden, effectively reducing the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the contribution. It's c