Securing financial perks through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only reduces your tax liability but also directs resources to

By way of example, you can “bunch” your charitable contributions in one tax 12 months, employing a donor-recommended fund, to increase the volume you donate in a higher-income year, and after that the resources can be utilized to assist charities eventually. Or you can make a put together gift of appreciated property and funds To maximise your