In a measure aimed to grant relief, Central Govt announces income-tax exemption to the amount received by a taxpayer for medical treatment for Covid-19, from employer or from any other person & on Ex-gratia amounts recd from employer or from other persons, on death due to Covid.
Income Tax Exemption for Expenditure on covid treatment and on ex-gratia received on death due to covid
Income-tax exemption is provided in respect of the amount received by a taxpayer for medical treatment from employer or from any person for treatment of COVID-19 during FY 2019-20 and subsequent years.
Income tax exemption is provided to ex-gratia payment received by family members of a person from the employer of such person or from any other person on the death of the person on account of COVID-19 during FY 2019-20 and subsequent years.*
*Exemption allowed without any limit for the amount received from employer and limited to Rs. 10 lakhs in aggregate for the amount received from any other persons
Recent Press Release/Notifications/Circular on Due Date Extension & Exemption for Expenditure on covid treatment and on ex-gratia received on death due to covid
|Notification No. 75/2021-Income Tax| Dated: 25th June, 2021||Last date of payment under Vivad se Vishwas extended|
|Notification No. 74/2021-Income Tax| Dated: 25th June, 2021||CBDT issues Notification extending various Income Tax due date|
|Press Release Dated: 25th June, 2021||Govt extends 18 Income Tax Due Dates amid Covid 19|
|Circular No: 12 of 2021 | Dated: 25th June, 2021||Circular extending Income Tax Compliance Due Dates amid Covid-19|