Click to play videoMumbai: As part of the countdown to Budget 2007, CNN-IBN Axe the Tax campaign focuses on taxes that are unfair and unjustified.
One such law that our Citizen journalists rated as ‘unfair’ is the Rs 15,000 limit on medical expenses that a person can claim. The law also states that if a person’s income exceeds Rs 2 lakh per annum, his treatment abroad must be fully taxed.
CNN-IBN's citizen journalist Ashok Goel makes his appeal to the Finance Minister.
Ashok Goel, Businessman (Mumbai): About three-years back, I was suffering from jaundice and malaria and was admitted in the hospital. My bill came upto Rs 3 lakh.
Similarly, last year my mother was suffering from a heart ailment and we got her admitted for just six days and we had to pay Rs 2 lakh rupees as medical bills.
Even when one of my sons have a minor cold or fever a visit to a GMP sets us back by more than Rs 100, per visit and that too without the cost of medicines. In total our medical expenses amount up to at least Rs 5,000 per month.
The Rs 15,000 limit that the governments provides for is too less. Also an employee who earns Rs 2 lakh per annum when goes for a medical treatment abroad, he gets complete exemption from the income tax on the expenses. But at the same time an employee who earns even a little over Rs 2 lakh is not given any exemption. Isn't that a flaw in the system?
Isn't it time that the medical limit of Rs 15,000 be revised to a decent limit of Rs 25,000. I appeal the Finance Minister to please do away with the salary limit of Rs 2 lakh for treatment abroad.
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