In Budget 2021, corona virus can be classified as a special disease.
The central government is considering the inclusion of Coronavirus in a specific disease. With this, taxpayers can get the benefit of Income Tax Exemption on the expenses incurred on Covid-19 treatment. The Central Government can declare this relief under 80DDB in the budget.
- January 11, 2021, 9:03 PM IST
Tax exemption on expenses up to Rs 1 lakh
According to sources, it is being considered to include Corona in a specific disease. It should be clear here that this exemption in income tax will be given only to those who do not have any health policy. It is believed that tax exemption on treatment of corona can be started from the current financial year. Tax Deduction can be obtained at the cost of maximum 1 lakh rupees for treatment. According to sources, this exemption can be used for both (Self) and Dependent. Right now this exemption applies to more than two dozen diseases including cancer.
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The Corona Vaccination Program in the country is starting from 16 January 2021. Its preparations are almost complete. Prime Minister Narendra Modi (PM Narendra Modi) has discussed its strategy in a video conference with the Chief Ministers of the states. After this, he has announced that the state government will not bear the expenses of the first phase of vaccination. Meanwhile, the outbreak of Corona virus continues in the country and the world. In India, 16,311 new cases of Kovid-19 have been reported in the last 24 hours. The total number of positive cases in the country has increased to 1,04,66,595. At the same time, the total number of active cases is 2,22,526.