Business

Paytm to contribute for PM CARES Fund

NEW DELHI, MAR 29 (IANS) | Publish Date: 3/29/2020 12:54:25 PM IST

To support the fight against COVID-19 pandemic, India’s leading digital payments and financial services platform Paytm on Sunday said it is aiming to contribute Rs 500 crore to the PM CARES Fund. Urging users to do their bit in the fight against Covid-19, the company said that for every contribution or any other payment made on Paytm using the wallet, UPI and Paytm Bank debit card, the company will contribute an extra up to Rs 10. “We are honoured to do our duty to aid the government in all the relief measures being taken to fight the Corona pandemic. We hope our users wholeheartedly donate to PM CARES fund and help save lives,” Madhur Deora, President - Paytm, said in a statement. “We will also contribute up to Rs 10 for every payment transaction using the Paytm app and instruments. This money would be directly sent to the PM-CARES fund. Paytm commits to doing everything in its power to support the efforts of our government in coming out of this crisis,” Deora said. Over the last few weeks, Paytm has launched several initiatives to fight the spread of the novel coronavirus. It has started collecting contributions to buy personal hygiene products for people who might not have the means to buy it.

Also, the company has created a Rs 5 crore fund for innovators who are developing medical instruments or medicines to combat the virus. The PM CARES Fund is exempt under the Income Tax Act, 1961 under Section 10 and 139 for return purposes. Contributions towards PM-CARES are notified for 100 per cent deduction from taxable income under section 80(G) of the Income Tax Act, 1961.

 

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Desk:+91-3862-248 489, e-mail: npdesk@gmail.com Fax: +91-3862-248 500
Advt.:+91-3862-248 267, e-mail:npostadvt@gmail.com

QUICK LINKS

SUNDAY POST

Join us on

© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus