Build Roadmap for HealthTechs to Revamp Indian Healthcare!

Will, there be any tax relief for these sectors – Income tax, Import Duties as well as GST

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Build Roadmap for HealthTechs to Revamp Indian Healthcare!

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
ANANTH SUBRAMANIAN

Vice-Chairman & Global CEO
HealiaDigital Inc
NATESH BALA
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
Publisher Name
THE POLICY TIMES
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