Giving back to those in need is a wonderful way to make a difference the world. Also, it can also be a smart financial move by tax relief for donation offering valuable tax benefits. By contributing to eligible charities, you can lower your taxable income and obtain money on your tax bill. Several factors determine the amount of your tax savings,
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make charitable contributions to eligible organizations. These contributions are deducted from your taxable income, effectively reducing the amount of income tax due. The extent of the deduction depends on the type of organization and the nature of the contribution. It's cru