When considering charitable contributions, understanding the tax benefits offered under Section 80G can significantly affect your decision-making process. This section of the Income Tax Act provides deductions for donations made to eligible organizations, thereby boosting the financial impact of your generosity. By carefully selecting recipients an

“It’s like acquiring a pension,” says Simasko. “They’ll pay you a set, predictable income stream For the remainder of your lifetime. as soon as you die, just about anything leftover stays Along with the charity.” The amount of income is dependent upon the charity, the size of your respective gift and also your age—the older you will b