Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Employees can claim 100% deduction on donations made to PM-CARES via employers
short by Kiran Khatri / on Friday, 10 April, 2020
The Central Board of Direct Taxes (CBDT) has said the employees who have contributed to the PM-CARES fund through employers can claim full tax deduction by mentioning it in Form 16. A separate certificate will not be issued for every employee for the donation, CBDT added. Earlier, the government extended the deadline for saving tax for 2019-20 to June 30.