Understand the donation tax deduction limit.

Savethechildren29 Jun, 2022Other

The thought of giving to charity and doing our bit for society may have crossed our minds on several occasions. It is a laudable gesture to donate to a cause that one sincerely believes in to help make a difference. Given the grandeur of this gesture, the Indian government extends its full support to numerous philanthropic services. Section 80G of the Indian Income Tax Act, 1961 concedes a tax deduction on contributions/donations made to any charitable fund or organization.