Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Tax-free medical expenses cap may be hiked -Sidhartha &amp; Surojit Gupta    </title>
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-The Times of India


NEW DELHI: The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.


Sources said both the issues are..."/>
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-The Times of India


NEW DELHI: The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.


Sources said both the issues are..." />
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                            <div align="justify">-The Times of India</div><p align="justify"><em>NEW DELHI: </em>The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.</p><p align="justify">Sources said both the issues are being looked at ahead of the Budget with some indicating that there is a possibility that the limit on tax-free medical reimbursement from employers may be raised to Rs 25,000 a year, given the rising medical costs in the country.</p><p align="justify">Similarly, the government, which allows a deduction of Rs 15,000 a year for medical insurance premium paid for spouse, children as well as the policy holder, is looking at encouraging individuals to buy a higher cover. In case of senior citizens the limit is Rs 20,000.</p><p align="justify">The review comes as the limits were fixed several years ago and costs have gone up significantly since them. For instance, in the wake of rising claims, insurance companies have increased the premium on medical insurance on several occasions over the past few years.</p><p align="justify">There is also a view that medicine costs have increased and a Rs 15,000 annual limit on tax-free medical reimbursement often does not meet the hospitalization requirements. While getting admission in government hospitals is not an easy task given the pressure on beds, private hospital charges are very high, resulting in the limit being breached easily.</p><p align="justify">The encouragement to medical insurance is also aimed at reducing the pressure on state-run hospitals, while encouraging people to cover their risks. Often individuals buy insurance policies only to ensure that they are able to claim tax deductions and end up having lower than required cover for their family in case of a health emergency.</p><p align="justify">The BJP government has repeatedly said that it is against high taxation and wants to leave more money in the pockets of individuals to help increase investment and boost savings. The review of benefits for health spending is aimed at making the limits more realistic and in sync with current requirements.</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms" class="re" target="_blank">The Times of India, 16 February, 2015, http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">Tax-free medical expenses cap may be hiked -Sidhartha &amp; Surojit Gupta</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><em>NEW DELHI: </em>The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.</p><p align="justify">Sources said both the issues are being looked at ahead of the Budget with some indicating that there is a possibility that the limit on tax-free medical reimbursement from employers may be raised to Rs 25,000 a year, given the rising medical costs in the country.</p><p align="justify">Similarly, the government, which allows a deduction of Rs 15,000 a year for medical insurance premium paid for spouse, children as well as the policy holder, is looking at encouraging individuals to buy a higher cover. In case of senior citizens the limit is Rs 20,000.</p><p align="justify">The review comes as the limits were fixed several years ago and costs have gone up significantly since them. For instance, in the wake of rising claims, insurance companies have increased the premium on medical insurance on several occasions over the past few years.</p><p align="justify">There is also a view that medicine costs have increased and a Rs 15,000 annual limit on tax-free medical reimbursement often does not meet the hospitalization requirements. While getting admission in government hospitals is not an easy task given the pressure on beds, private hospital charges are very high, resulting in the limit being breached easily.</p><p align="justify">The encouragement to medical insurance is also aimed at reducing the pressure on state-run hospitals, while encouraging people to cover their risks. Often individuals buy insurance policies only to ensure that they are able to claim tax deductions and end up having lower than required cover for their family in case of a health emergency.</p><p align="justify">The BJP government has repeatedly said that it is against high taxation and wants to leave more money in the pockets of individuals to help increase investment and boost savings. The review of benefits for health spending is aimed at making the limits more realistic and in sync with current requirements.</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms" class="re" target="_blank">The Times of India, 16 February, 2015, http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms</a><div class="clear"></div>
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NEW DELHI: The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.


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Sources said both the issues are..." />
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    <h1 class="cat-box-title">Tax-free medical expenses cap may be hiked -Sidhartha &amp; Surojit Gupta</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><em>NEW DELHI: </em>The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies.</p><p align="justify">Sources said both the issues are being looked at ahead of the Budget with some indicating that there is a possibility that the limit on tax-free medical reimbursement from employers may be raised to Rs 25,000 a year, given the rising medical costs in the country.</p><p align="justify">Similarly, the government, which allows a deduction of Rs 15,000 a year for medical insurance premium paid for spouse, children as well as the policy holder, is looking at encouraging individuals to buy a higher cover. In case of senior citizens the limit is Rs 20,000.</p><p align="justify">The review comes as the limits were fixed several years ago and costs have gone up significantly since them. For instance, in the wake of rising claims, insurance companies have increased the premium on medical insurance on several occasions over the past few years.</p><p align="justify">There is also a view that medicine costs have increased and a Rs 15,000 annual limit on tax-free medical reimbursement often does not meet the hospitalization requirements. While getting admission in government hospitals is not an easy task given the pressure on beds, private hospital charges are very high, resulting in the limit being breached easily.</p><p align="justify">The encouragement to medical insurance is also aimed at reducing the pressure on state-run hospitals, while encouraging people to cover their risks. Often individuals buy insurance policies only to ensure that they are able to claim tax deductions and end up having lower than required cover for their family in case of a health emergency.</p><p align="justify">The BJP government has repeatedly said that it is against high taxation and wants to leave more money in the pockets of individuals to help increase investment and boost savings. The review of benefits for health spending is aimed at making the limits more realistic and in sync with current requirements.</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms" class="re" target="_blank">The Times of India, 16 February, 2015, http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms</a><div class="clear"></div>
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Home हिन्दी

Tax-free medical expenses cap may be hiked -Sidhartha & Surojit Gupta

Published on Feb 16, 2015   Modified on Feb 16, 2015

-The Times of India NEW DELHI: The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies. Sources said both the issues are being looked at ahead of the Budget with some indicating that there is a possibility that the limit on tax-free medical reimbursement from employers may be raised to Rs 25,000 a year, given the rising medical costs in the country. Similarly, the government, which allows a deduction of Rs 15,000 a year for medical insurance premium paid for spouse, children as well as the policy holder, is looking at encouraging individuals to buy a higher cover. In case of senior citizens the limit is Rs 20,000. The review comes as the limits were fixed several years ago and costs have gone up significantly since them. For instance, in the wake of rising claims, insurance companies have increased the premium on medical insurance on several occasions over the past few years. There is also a view that medicine costs have increased and a Rs 15,000 annual limit on tax-free medical reimbursement often does not meet the hospitalization requirements. While getting admission in government hospitals is not an easy task given the pressure on beds, private hospital charges are very high, resulting in the limit being breached easily. The encouragement to medical insurance is also aimed at reducing the pressure on state-run hospitals, while encouraging people to cover their risks. Often individuals buy insurance policies only to ensure that they are able to claim tax deductions and end up having lower than required cover for their family in case of a health emergency. The BJP government has repeatedly said that it is against high taxation and wants to leave more money in the pockets of individuals to help increase investment and boost savings. The review of benefits for health spending is aimed at making the limits more realistic and in sync with current requirements.

The Times of India, 16 February, 2015, http://timesofindia.indiatimes.com/india/Tax-free-medical-expenses-cap-may-be-hiked/articleshow/46256874.cms

Tagged with: Taxation Health Union Budget

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