Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, individuals can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only lowers your tax liability but also channels resources

In this article, we’ll explore different techniques to save money on taxes by way of donations, guaranteeing you maximize your philanthropic affect whilst minimizing your tax load. The regulation now permits electing men and women to Comparison apply an elevated Restrict ("elevated Individual Limit"), as much as one hundred% in their AGI, for ex