Ngo C.

Taxes are an unavoidable part of life. But there are some ways to save on taxes, one of which is Section 80g. This section of the Income Tax Act gives taxpayers deductions for donations made towards certain approved funds and charitable institutions. Here's how you can use Section 80g to reduce your tax burden: Firstly, you must make a donation or contribution to one or more eligible organizations listed in Section 80g. This could be done through cash or cheque payments, as well as bank transfers. Donations should be less than 10% of your total income from the previous year in order to qualify for a deduction under this section. It is also important that these donations must be made within the financial year itself.