Securing financial perks through charitable donations is a noble endeavor that promotes 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 lowers your tax liability but also allocates resources t

“It’s like acquiring a pension,” claims Simasko. “They’ll pay you a hard and fast, predictable income stream for the rest of your life. after you die, anything leftover stays Using the charity.” The amount of income will depend on the charity, the scale of one's gift and your age—the more mature you will be, the higher the payment. g