if its windows form
you can do it by 2 ways:-
1) use
Thread.Sleep(3000);
label.Visible=false;
2) use a timer
take a global variable of int datatype
write in Tiker_Tick() function and set timer's interval "
1000"
integervar++;
if(integervar == 3)
{
label.visible=false;
timer.Stop();
}