What is Section 80G, and how does it help save income tax?

An individual can save income tax on the donations made. Section 80G of the Income-tax Act, 1961 allows individuals to save tax on the donations made to the specified institutions. Thus deduction can be claimed only if an individual opts for old tax regime for a particular financial year. Read on to know how this section can help individuals to save income tax.

from Tax-Wealth-Economic Times https://ift.tt/5wkpC09