Tax deductions are a way to lower the amount of your income that is subject to taxation. You can claim deductions when you have incurred specific expenses or made investments that are eligible for tax deductions.

However, specific limits and conditions must be met to avail of these deductions. In this comprehensive guide, we will delve into the intricacies of Section 80G and explore how it can be a valuable tool for tax savings.

Good news for non-govt salaried employees: Income Tax exemption limit for leave encashment upon retirement hiked to Rs 25 lakh