Ad Type | I am offering |
Supporting noble causes brings deep personal satisfaction. It can also offer tangible financial advantages. A donation rebate in income tax allows individuals to lower their total taxable income. This means you effectively pay less tax. Contributions made to registered non-profit organisations often qualify for this provision. This encourages more people to give generously to impactful work. Bal Raksha Bharat (also known as Save the Children India) is one recognised entity for which support is eligible. It directly supports important societal upliftment programmes across the nation. Therefore, the donation rebate in income tax is a beneficial feature for conscientious taxpayers.