Health and MedTech companies and employees have been at the forefront of the war on the Covid 19 pandemic. Will, there be any tax relief for these sectors – Income tax, Import Duties as well as GST.
Is the government considering the creation of a med-tech corridor to encourage the manufacture of critical and monitoring equipment for healthcare? This is an opportunity to alleviate rural India from popular comorbidities.
Also Read: Healthcare costs push almost half-billion into complete poverty: COVID-19 effect
General Expectations
- Enhancement in the basic income tax exemption
limit - More relief to the salaried class as many took the salary
cuts - Bring in a special tax for the super-rich class and use it for rural infrastructure development Healthcare Expectations
- Increase expenditure allocation for healthcare and ramp up the public healthcare system
- Promote Digital Healthcare transformation by providing incentives to Digital health companies and start-ups
- Boost local manufacture of Medical devices by providing adequate monitory and technical support
 ANANTH SUBRAMANIAN Vice-Chairman & Global CEO HealiaDigital Inc |
 DR. NATESH BALA Vice-Chairman & CEO-Asia HealiaDigital Inc |
Summary
Article Name
Build Roadmap for HealthTechs to Revamp Indian Healthcare!
Description
Will, there be any tax relief for these sectors – Income tax, Import Duties as well as GST
Author
TPT News Bureau
Publisher Name
THE POLICY TIMES
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