Giving back to your community is a wonderful way to impact the world. Furthermore, it can also be a smart financial move by yielding valuable tax benefits. By giving to eligible charities, you can decrease your taxable income and save money on your tax bill. Several factors influence the amount of your tax savings, like the amount you donate, the
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants deductible benefits to individuals who make charitable contributions to eligible organizations. These donations are deducted from your taxable income, effectively reducing the amount of taxes payable. The extent of the charity to donate hair deduction depends on the type of organization and the nature of the