Get a 50% tax credit for donations made to charity under section 80G.
As you begin your tax planning, don’t forget to avail a tax saving donation under section 80g of the income tax act to support children. You can donate money towards a social cause of your choice and get an income tax exemption. This is a great way to reduce your taxable income and help out a worthy cause at the same time. So be sure to take advantage.
So what are you waiting for? Start making donations today!