Securing financial benefits through charitable donations is a noble endeavor that encourages 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 charities . This provision not only minimizes your tax liability but also directs resourc

“It’s like getting a pension,” states Simasko. “They’ll pay out you a fixed, predictable income stream For the remainder of your life. Once you die, nearly anything leftover stays Together with the charity.” the level of income depends upon the charity, the scale of your respective present plus your age—the older you might be, the hig