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

“It’s like acquiring a pension,” states Simasko. “They’ll pay out you a hard and fast, predictable income stream For the remainder of your life. Once you die, something leftover stays With all the charity.” The amount of income will depend on the charity, the scale within your reward and your age—the more mature that you are, the high