Government announces tax exemption for expenditure on Covid treatment and ex-gratia received on death due to Covid
Following Income-tax exemptions are provided by Central Board of Direct Taxes through press release dated 25th july 2021:
1) Any 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.
2) Ex-gratia payment received by family members of a person from the employer of such person or from other person on the death of the person on account of Covid-19 during FY 2019-20 and subsequent years.
The exemption shall be allowed
- without any limit for the amount received from the employer and
- limited to Rs. 10 lakh in aggregate for the amount received from any other persons.
Necessary legislative amendments for the above decisions shall be proposed in
due course of time.
source "Income tax India"
post updated on 25/06/2021.
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