Charitable giving is a noble act that can materially impact the lives of others. However, savvy donors understand the value of making their contributions efficiently. By leveraging Section 80G benefits, you can not only contribute to worthy causes but also lower your tax liability. This section of the Indian Income Tax Act provides fiscal benefits
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants deductible benefits to individuals who make philanthropic gifts to eligible organizations. These donations are reduced against your tax liability, effectively reducing the amount of income tax due. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial to not