ADVANTAGES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible institutions. These benefits aim to encourage individuals and organizations to contribute towards the social well-being

obviously, no one donates to charity just for the tax benefit. But any tax savings can persuade much more providing—and accomplishing very well while carrying out fantastic retains plenty of attractiveness. Allow me to share a few tax-wise tips on how to donate.   normally, itemizers can deduct twenty% to sixty% in their adjusted gross income