AMPLIFYING YOUR CONTRIBUTIONS: CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that encourages 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 non-profits. This provision not only lowers your tax liability but also directs resourc

“It’s like acquiring a pension,” says Simasko. “They’ll shell out you a hard and fast, predictable income stream For the remainder of your life. as soon as you die, just about anything leftover stays Using the charity.” the quantity of income depends upon the charity, the size of your respective gift and your age—the older you're, the