Giving back to your community is a rewarding experience, and it can be a smart financial move. By making charitable donations, you can reduce your tax liability. Consider donating to qualified organizations like charities, religious groups, or educational institutions. These contributions are often able to lower your tax bill, allowing you to lower
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Finally, the deduction underneath section 80G can't exceed your taxable income. for instance, Should your income right before deduction is Rs 3 lakh and In case you have specified donation of Rs five lakh to your key Minister’s nationwide Relief Fund, be sure to never assume to assert a loss of Rs 2 lakhs. If a deduction is authorized underneath
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