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2688053 - Deduction under section 80G for PM CARES Fund COVID19

Symptom

  • 100% Exemption under section 80G for the amount contributed by the employees for donation to PM CARES Fund up to June 30, 2020
  • Covid-19 contribution to PM CARES Fund,which head in Infotype 0585 is such amount considered.
  • Option in Infotype 585 to accept and exempt the amount from tax for such Donation amount
  • Deduction of One day salary from employees towards "contribution to PM CARES Fund" which is exempted under section 80G (2), which head in Infotype 0585 is such amount considered.
  • PM CARES fund - How to deal?


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Environment

  • Human Capital Management (HCM)
  • SAP ERP Payroll India
  • Payroll India Public Sector
  • SAP R/3
  • SAP ERP Core Component
  • SAP ERP
  • SAP enhancement package for SAP ERP
  • SAP enhancement package for SAP ERP, version for SAP HANA

Product

SAP ERP 6.0

Keywords

Section 80G, Exemption, Donation, Relief,Benefit,IT0585, S80,INS80,Sec 80, Infotype 585,benefit, income tax, /460,tax,allowed , KBA , PY-IN , India , Problem

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