How To Save Tax By Donating to NGO
Donating to an NGO (Non-Governmental Organisation) is a powerful way to support causes that you care about while also gaining financial benefits in the form of tax savings. In India, the government encourages charitable contributions by offering tax deductions for donations made to registered NGOs. This system not only promotes philanthropy but also allows taxpayers to reduce their taxable income. According to a recent report, only about 4% of India’s population pays income tax, making it even more important to take advantage of tax-saving opportunities like these.
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