Section 80G: Deductions for Donations

Section 80G deals with donations made towards charity, to provide tax incentives to individuals indulging in charitable activities. To encourage people to donate, the government also allows for income tax deductions under Section 80G for the amount which has been…

Read More

Income Tax Chapter VI-A Deductions

Deduction under Income Tax help you save taxes. So, the income tax deduction reduce your gross income (means the income on which, tax has to be paid).Thereby, reducing your tax on your total income. There are a number of deductions…

Read More