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The decision has been made to exempt taxpayers greatly from payment. The Finance Ministry has issued a new order for it.
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This sum will not be subject to tax. Recent tax exemption orders from the Income Tax Department have greatly benefited taxpayers.
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This new directive states that starting today, taxpayers will obtain the advantage of an exemption from income tax on the amount paid for treatment.
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Let us inform you that the Income Tax Department periodically modifies the rules while taking into account the needs of the taxpayers.
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In this regard, the Central Board of Direct Taxes has provided information (CBDT).
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A form for income tax exemption on new conditions and costs related to the treatment of corona had also just been released by CBDT.
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The 5 August 2022 announcement states that as of right now, your employer must submit a form to the Income Tax Department
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In addition, the Income Tax Department digitised the tax exemption form to better serve the public and encourage digitization,
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ensuring that they would not encounter any difficulties or need to visit several offices.