Full deduction can be claimed by an employee while referring to the Form 16 issued by the employer New Delhi: Employees will be able to claim full deduction on the donations made through their employer to the Prime Minister’s coronavirus crisis fund while computing their taxable income.
An Ordinance promulgated on 31 March had granted the same tax relief to donations made to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund that is available to donations made to the Prime Minister’s National Relief Fund.
The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, made donations to the PM-CARES Fund fully eligible for full deduction while computing the taxable income of the donor