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Contributed to PM-CARES fund from your salary? I-T notice you must know

Donations made to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund are eligible for 100 per cent deduction u/s 80G of I-T Act

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Employers will have to show donation made by employees from their salary to PM-CARES fund in Form 16 TDS certificate

BS Web TeamPTI New Delhi

The donation made by employees from their salary to PM-CARES fund through their employer should reflect in Form 16 TDS certificate, the Income Tax department said on Friday. 

 

Donations made to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund are eligible for 100 per cent deduction u/s 80G of I-T Act.