The Central Government has announced tax exemption under section 80G for contributions made by a taxpayer towards the 'Bharat ke Veer' fund. Bharat ke Veer is a Home Ministry fund that was formed with Bollywood film actor Akshay Kumar and former national Badminton champion Pullela Gopichand to aid families of paramilitary personnel that lost their lives fighting extremists. The maximum contribution that can be made to this fund is Rs 15 lakh.

Section 80G of the Income Tax Act deals with the deductions on taxable income on contributions made to certain relief funds or charitable institutions.
In 4 part by part tweets, the Home Minister Rajnath Singh said, "Ministry of Home Affairs @HMOIndia had taken an initiative named @BharatKeVeer in April, last year. The success of the initiative has been stupendous. The initiative has now been formalised into a registered 'Bharat Ke Veer' Trust has been created by MHA for providing a platform to all citizens to contribute and provide assistance to the families of martyred CAPF personnel. The @BharatKeVeer Trust has been formed with seven Trustees headed by the Union Home Secretary. Noted film actor Shri @akshaykumar and former National Badminton Champion, Pullela Gopichand have also been included in the Trust as Trustees. Ministry of Finance @FinMinIndia has now given approval to @BharatKeVeer Trust under 80(G) which in effect means that all contributions to the Trust will be exempted under the Income Tax. I thank the ministry and FM Sh. @ArunJaitley for the exemption to #BharatKeVeer Trust."
More From GoodReturns

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis



Click it and Unblock the Notifications