Employer-paid health insurance premium deduction expanded for cheque-paid premiums under approved insurers.

The amendment substitutes a clause permitting deduction for premiums paid by cheque by employers for employee health insurance under schemes by the General Insurance Corporation or any insurer approved by the Insurance Regulatory and Development Authority; omits a paragraph in an Explanation to clause (iiia); and replaces the Explanation to clause (viii) to redefine "infrastructure facility" as (i) infrastructure or similar public facilities as defined or notified and meeting prescribed conditions, (ii) certain eligible undertakings under infrastructure incentive provisions, and (iii) undertakings under the separate incentives regime for specified industrial projects.

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