Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, individuals can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only minimizes your tax liability but also channels resource

“It’s like obtaining a pension,” states Simasko. “They’ll shell out you a fixed, predictable income stream for the rest of your lifetime. after you die, something leftover stays With all the charity.” the level of income is dependent upon the charity, the scale of the present and your age—the more mature you happen to be, the higher t