Giving back to those in need is a wonderful way to impact the world. Also, 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 obtain money on your tax bill. Numerous factors affect the amount of your tax savings, like the amount you donate, the type of ch

Under Indian tax law, Section 80G grants tax advantages to individuals who make philanthropic gifts to eligible organizations. These donations are subtracted from your overall tax burden, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the contribution. It's crucial t