Business / Income tax exemption big update on medical treatment new rules issued by FM nirmala sitharaman

Income Tax: Income tax is an important tax for all. This tax is special for all people from middle class to upper class, but now the government is going to give big relief to those who pay income tax. It has been decided to give big relief to taxpayers in exemption. Its new order has been issued by the Finance Ministry.

No tax will be paid on this amount

The Income Tax Department has recently issued a new order for tax exemption, giving great relief to taxpayers. According to this new order, from now on taxpayers will get the benefit of exemption in income tax on the amount received for treatment. That is, you will not have to pay tax on this amount.

CBDT issued form for exemption

Let us tell you that the Income Tax Department keeps on changing the rules from time to time keeping in mind the facilities of the taxpayers. Information in this regard has been given by the Central Board of Direct Taxes (CBDT). CBDT had recently also issued a form for income tax exemption on new conditions and expenses incurred on the treatment of corona.

Documents to be submitted along with the form

According to the notification of 5 August 2022, from now on you will have to submit a form to your employer along with some documents to the Income Tax Department, in which tax exemption can be claimed on the amount received from the employer or relatives for the treatment of corona. Is.

easy to find form

Apart from this, the Income Tax Department had digitized the form for tax exemption keeping in mind the facilities of the people and to promote digitization, so that people do not have to face any kind of trouble nor go round the offices.