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<h1>Finance Bill 2022: Tax Exemptions for COVID-19 Medical and Death Payments, Retroactive from April 2020.</h1> The Finance Bill 2022 proposes amendments to the Income-tax Act, 1961, exempting sums received for COVID-19 medical treatment and death from income tax. Specifically, any amount received for medical expenses related to COVID-19 from an employer or others will not be considered income. Additionally, ex-gratia payments to family members of a deceased COVID-19 victim, received from the employer without limit or from others up to Rs. 10 lakh, are exempt if received within 12 months of death. These amendments apply retrospectively from April 1, 2020, affecting the assessment year 2020-21 and beyond.