Paytm looks to contribute 500 cr to India Fund
For each and each and every one one contribution or any count payment made upon Paytm using the wallet, UPI and Paytm Bank debit card, the company will contribute an supplementary happening to 10, Paytm said in a avowal
Digital payments company Paytm upon Saturday said it aims to contribute 500 crore to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES).
For all contribution or any supplementary payment made almost Paytm using the wallet, UPI and Paytm Bank debit card, the company will contribute a new going on to 10, Paytm said in a benefits.
We are honoured to make a attainment of our faithfulness to aid the meting out in all the sustain proceedings mammal taken to fight the Corona pandemic. We hope our users wholeheartedly donate to PM CARES fund and lead save lives," Paytm President Madhur Deora said.
He added that the company will make a contribution for all payment transaction using the Paytm app and instruments, and this child support would be directly sent to the PM-CARES fund.
Previously, Paytm had created a 5 crore fund for innovators who are developing medical instruments or medicines to court prosecution the virus. paytm app download 9app
The PM CARES Fund is exempt knocked out the Income Tax Act, 1961 sedated Section 10 and 139 for recompense purposes. Contributions towards PM-CARES are notified for 100 per cent deletion from taxable pension deadened section 80(G) of the Income Tax Act, 1961.
