The amount of Rs 10 lakh taken from the company or any other person for Coronavirus Treatment will be tax free.
New Delhi, June 26: During the Corona period (Coronavirus in India(Modi government)Modi Government) Has decided to give relief to the taxpayers on Friday. Minister of State for Finance Anurag Thakur (Anurag ThakurInforming about the important decision taken by the Modi government, he said that for the treatment of Corona (Coronavirus Treatment) Expenses incurred will be tax deductible. Thakur informed that those who have spent up to Rs 10 lakh for corona treatment will get tax exemption.
Anurag Thakur has said, “If an employer spends on covid treatment for their employees, the employee will not have to pay any tax on it.” If the employer pays ex-gratia to his employee after the death of a person, that person will get a tax deduction.
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Thakur further said, “If another person helps the person concerned and helps his family after death, the family will not have to pay any tax on it, but a limit of Rs 10 lakh has been fixed for this.”
# COVID19 Great relief to the victims!
The government has taken full care of the economic condition of the Kovid victims. Giving exemption from income tax to both the victim and the employer in the amount spent on treatment will give them definite relief.
– Dr Harsh Vardhan (drharshvardhan) June 26, 2021
Union Health Minister Dr. Harshvardhan tweeted that the government has taken full care of the financial situation of the victims. Giving income tax relief to both the employer and the victim in the cost of treatment will definitely bring them relief. This is making clear the welfare policy of Prime Minister Narendra Modi.