Securing financial advantages through charitable donations is a noble endeavor that encourages responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only lowers your tax liability but also directs resources

For instance, it is possible to “bunch” your charitable contributions in a single tax yr, using a donor-advised fund, to boost the volume you donate inside a superior-income yr, and after that the money can be employed to support charities as time passes. Or you may make a merged present of appreciated assets and income To optimize your benefit