Looking to minimize your tax burden while also making a positive impact on the world? Donating to non-profit organizations is a powerful way to achieve both goals. By grasping the tax benefits associated with charitable giving, you can amplify your overall impact. One key benefit is the ability to exclude donations from your taxable income. This c
Tax Benefits from Charitable Giving under Section 80G
Under Indian tax law, Section 80G grants deductible benefits to individuals who make philanthropic gifts to eligible organizations. These contributions are subtracted from your overall tax burden, effectively reducing the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the donation. It's cr