Income Tax Exemptions For Covid Expenses: What It Means For The Common Man

Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax

The government extended deadlines for various income tax compliances on Friday, June 25, and said that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax, in order to provide relief amid the COVID-19 pandemic. The payment received from an employer by family members in case of the death of an employee due to COVID-19 would also be exempt from income tax, according to a statement by the Ministry of Finance. (Also Read: Easing Income Tax Norms, Centre Allows Cash Payment Of ₹ 2 Lakh For COVID Treatment ) As per the announcement, this means that any amount spent by a person for the treatment of an employee would become free from taxation. Also, the person who pays for the treatment and the beneficiary of the payment will not face any tax liability. Tax exemptions on COVID-19 Treatment, Deaths: