Looking to decrease your tax burden while also making a substantial impact on the world? Donating to non-profit organizations is a compelling way to achieve both goals. By understanding the tax benefits associated with charitable giving, you can amplify your overall impact. One key benefit is the ability to write off donations from your taxable in
Tax Benefits from Charitable Giving under Section 80G
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 income tax due. The extent of the deduction depends on the type of organization and the nature of the contribution. It's crucia