The new financial year has just started. All the Salaried employees among us would be busy submitting investment declarations or proposed investments to their respective employers to avail tax exemptions. One of the less commonly used sections of our Income Tax is Section 80G. Not many of us know about this Section and most importantly most of us don't even use it. The purpose of this article is to throw some light on this section.

Section 80G

Section 80G of the Indian Income Tax Act of 1961 provide tax relief to the Citizens of India on the amounts donated as contributions to Approved Charitable Organizations. This means that, money that we donate to charitable organizations can be used to avail income tax exemption.

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