Securing financial benefits 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 charities . This provision not only lowers your tax liability but also allocates resources

“It’s like getting a pension,” says Simasko. “They’ll pay you a set, predictable income stream For the remainder of your life. as you die, everything leftover stays Together with the charity.” The amount of income will depend on the charity, the scale within your reward plus your age—the more mature you happen to be, the higher the pa