PM CARE Fund: Whether Employee will get Exemption under Section 80G of Income Tax Act for Salary Con

As per Income Tax Act, full exemption is available under section 80G of Income Tax Act for your donation to PM-Care fund without any limit as in the case of other donations. Only Condition is availability of Receipt of Contribution. We are seeing ample examples where Employees are contributing their salary to PM-Care Fund through their Employer. As Organisation is depositing the money in PM-CARE Fund, issuing contribution receipt in the name of Individual Employee will not be possible at the end of PM-CARE Fund. Since, Receipt of contribution to PM-CARE Fund is a necessary requirement for claiming exemption under section 80G of Income Tax Act, there may be genuine concern in the minds of employees.

But don’t worry, same problem arose in the case of PM-National Relief Fund, CM Relief Fund, LG Relief Fund also which was resolved by Ministry of Finance through Circular No. 2/2005 dated 12th January 2005 by which Certificate of Contribution issued by Employer in case of Private Organisation or Drawing and Disbursal Officer (DDO) in case of Government Organisation to their Employees will be enough or fulfill the requirement for claiming exemption under section 80G.

Therefore, we are hopeful that similar relaxation will be issued by Ministry of Finance for PM-Care Fund also. Therefore, Please take certificate of Contribution to PM-Care Fund from Employer/DDO for claiming exemption under Income Tax Act.

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