Securing financial advantages through charitable donations is a noble endeavor that promotes 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 organizations . This provision not only reduces your tax liability but also allocates res

“It’s like obtaining a pension,” suggests Simasko. “They’ll spend you a fixed, predictable income stream for the rest of your life. Once you die, everything leftover stays While using the charity.” the quantity of income depends upon the charity, the dimensions of your respective reward as well as your age—the more mature that you are