Tax Relief On Money Received For Covid Treatment From Employers

The Centre on Friday announced income-tax exemption on the amount received by a taxpayer from his/her employer or from any other person for the treatment of Covid-19 during FY 2019-20 and subsequent years.

The government on Friday extended deadlines for various income tax compliances.

The income tax department, in a statement, said the payment deadline for Vivad Se Vishwas direct tax dispute resolution scheme has been extended by two months till August 31.

Taxpayers can make payments till October 31 with additional amount of interest. The last date for PAN-Aadhaar linking too has been extended by three months to September 30, 2021.

The deadline for employers to furnish Tax Deducted at Source (TDS) certificate in Form 16 to employees too has been extended till July 31, from July 15, 2021.

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