Home Breaking News ITR Filing: As long as the company receives help from Corona Treatment, you will be able to claim a tax deduction, know what the rules say

ITR Filing: As long as the company receives help from Corona Treatment, you will be able to claim a tax deduction, know what the rules say

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ITR Filing: The corona epidemic has hit people with great financial hardship. On the one hand, a large number of industries and jobs were affected by the lockdown. On the other hand, the cost of corona treatment increased people’s difficulties. Keeping this in view, the government has made some concessions to the cost of corona treatment and the assistance made by the people. In such a situation, if you are going to file your ITR, check these terms first so that you pay less tax. You tell us where and how the tax deduction is.

Covid Health Insurance: 25,000 under Section 80D now. In this case, if you buy a policy with a focus on Kovid-19, it falls under this exemption.

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Kapil Rana, president of HostBooks Limited, said: “In addition to the medical insurance policy, the policy was also brought in by companies considering corona treatment. In such a situation, if a person is paying the premium for these insurance policies, he can claim a tax deduction of Rs.

If you have purchased a health insurance policy for your parents and are paying a premium for it, you can claim the tax deduction separately. This exemption is available under Section 80D. Sujit Bangar, founder of TaxBuddy.com, said, “If your parents are 60 plus, you can get an additional 50,000 exemption.”

Financial Aid: If the company pays ex-gratia to the family of an employee who died because of Covid, that amount is exempt for fiscal years 2019-20 and 2021-22. This discount is only available on an ex-gratia payment offered by a friend, relative or other help. The limit of Rs.

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