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 organizations . This provision not only minimizes your tax liability but also directs res

“It’s like acquiring a pension,” claims Simasko. “They’ll fork out you a set, predictable income stream for the rest of your life. when you finally die, nearly anything leftover stays With all the charity.” the level of income depends on the charity, the dimensions of your respective reward and your age—the older you're, the higher th