Govt extends IT exemptions for Covid expenses

The government extended deadlines for various income tax compliances on Friday 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. Apart from the tax exemptions, the government also extended some of the major tax compliance deadlines, to provide relief to taxpayers amid the COVID-19 pandemic. 

Relief is being provided through extensions of the following deadlines as a measure to ease taxpayer compliances during the pandemic period. pic.twitter.com/mXLd5bFtSq

— NSitharamanOffice (@nsitharamanoffc) June 25, 2021

The government has allowed the exemption without any limit for the amount received from the employer and it will be limited to Rs10 lakh in aggregate for the amount received from any other persons.