Budget 2022 grants tax relief to parents, guardians of differently-abled2 min read . Updated: 02 Feb 2022, 06:26 AM IST
- The amount received by way of annuity or lump sum will not be deemed to be the income of the surviving taxpayer
Finance minister Nirmala Sitharaman on Tuesday announced tax relief for people with disabilities and taxpayers buying life insurance schemes for their benefit. The finance minister allowed the payment of annuity and a lump sum amount to the differently-abled during the lifetime of their parents, once the parents attain the age of sixty years.
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