Pre-Budget Expectations: Preventive health check-ups could be aided with increase in tax exemption

Further, to encourage preventive care, the preventive health check-ups could be aided with increase in tax exemption to Rs 15,000 to Rs 20,000 from the current threshold of Rs 5,000.

Jan 19, 2017 03:01 IST India Infoline News Service

Dr Om Manchanda
Healthcare sector is one of India’s largest sectors both in terms of revenue and employment. However, a lot still needs to be done to ensure that optimal healthcare services are available to all. Scope of healthcare support services should be expanded to include pathological services, dermatology, infrastructure and logistics support, in order to reduce the input tax.

Further, to encourage preventive care, the preventive health check-ups could be aided with increase in tax exemption to Rs 15,000 to Rs 20,000 from the current threshold of Rs 5,000. Tax incentives for securing accreditation are also expected.

Lowering slabs of customs and other excise duty will be helpful as it helps the healthcare sector to maintain quality and provide quality services, while maintaining their prices to help the private sector to further upgrade their services at affordable prices. Impetus from the Government encouraging and supporting the entry and usage of latest technologies will be helpful for the sector.”
 
The author, Dr. Om Manchanda is CEO, Dr Lal PathLabs Limited.

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