The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS). Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that contributions made to CGHS are eligible for deduction under Section 80-D of the Income Tax Act and he is proposing to extend the same benefit to similar schemes of the Central Govt and State Govt. The Finance Minister also announced that deductions made to the National Children’s Fund will now be eligible for 100% deduction.

 ***

DSM/RC/nb/39

(Release ID :92759)

Tax deduction eligibility under Section 80-D expanded to cover state and central health schemes similar to CGHS. The Finance Bill 2013 proposes extending the tax deduction under Section 80-D to contributions made to Central and State Government health schemes similar to the Central Government Health Scheme (CGHS), and makes contributions to the National Children's Fund eligible for full deduction.