The government won’t levy any income tax on financial aid received by an individual from an employer or others for treatment of covid-19, the finance ministry said on Friday.
In addition, any financial assistance received by family members of a person who has died from the viral disease will not be subject to income tax, the ministry said.
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.
