– April 14, 2020Employee contributions towards PM-CARES fund through the employer will not get separate tax deduction certificates, instead, they will mention the amount in Form 16 issued to the employees. In a circular, the Central Board of Direct Taxes (CBDT) said that if the employee contribution towards PM-CARES fund is through his or her employer, in such cases separate tax certificates cannot be issued. The tax deductions towards the contributions will be under Section 80G of the IT Act and be indicated that such donations will be mentioned in the Form-16. Earlier the Centre had issued a notification stating that employee contributions towards the PM-CARES Fund can claim 100% tax deductions compared to the earlier 50%.