Understanding 80G Donation Limit for Salaried Person: Tax Benefits & Deductions
In India, charitable giving has always been a part of our culture, and the Income Tax Act supports this spirit through tax benefits. One of the most valuable provisions is Section 80G , which allows individuals to claim deductions on donations made to eligible organizations. For salaried employees, understanding the 80G Donation Limit for Salaried Person is essential, as it helps in effective tax planning while also contributing to noble causes. What is Section 80G? Section 80G of the Income Tax Act provides deductions for donations made to approved charitable institutions, relief funds, and non-profit organizations. This deduction reduces taxable income, ultimately lowering tax liability. However, the amount of deduction depends on the nature of the donation and the organization receiving it. Knowing the 80G Donation Limit for Salaried Person ensures that you donate wisely while maximizing your tax benefits. Eligibility for 80G Deduction Not all donations qualify for deductions ...
