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Updated Dec 21, 2020 | 07:19 IST Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act Know how much tax benefit you will get against donations under section 80G  New Delhi: As we near the last quarter of 2020/21, here s a look at how best to review your tax savings and take steps, if needed, to add that extra bit of money in your pocket.  Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act. All donations, however, are not eligible for deductions under section 80G. Only donations made to prescribed funds qualify as a deduction. This deduction can be claimed by any taxpayer – individuals, company, firm or any other person.

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