FICCI seeks tax exemption on preventive health check-up

Last Updated at: Jan 13, 2021
FICCI seeks tax exemption on preventive health check-up
As per the Finance Act 2020, the expenditure incurred by you towards preventive health check-up for yourself would be available as a deduction under Section 80D to an annual limit of ₹5,000. Also, a deduction is available towards the amount paid on account of medical expenditure incurred on any parent (who are senior citizens), to the extent of ₹50,000 per annum. 


The Coal Ministry, in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI), is initiating a mechanism for the auctioning of 41 coal mines under the terms of the CM (SP) Act and the MMDR Act to achieve self-reliance in the coal industry.

With just a few days ahead of the maiden budget session of the new government, Delhi-based industry body Federation of Indian Chambers of Commerce & Industry (FICCI) has sought for tax exemption on preventive health check-up. The body has demanded exemption limit to be raised to Rs 20,000 from existing Rs 5,000 under Section 80-D of the Income tax Act.

According to media reports, FICCI has asked the government to direct employers to get an annual deduction of up to Rs 10,000 per employee towards expenses incurred for health check-ups. It has made the demand, considering the fact that over 50 lakh Indians, roughly 5.8 million, are affected by various diseases like stroke, cancer, heart diseases, respiratory diseases, diabetes and other non-communicable diseases. The industry body believes that preventive health check-ups can reduce the complications and mortality and help in early diagnosis and timely treatment.

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In the 2018 budget, medical reimbursement deduction was merged with conveyance allowance into a composite standard deduction limit of Rs 40,000. FICCI has also demanded the re-introduction of reimbursement and an increase in the annual limits of Rs 10,000, given the rise in inflation index.

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A lawyer with 14 years' experience, Vikram has worked with several well-known corporate law firms before joining Vakilsearch.