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This is not a simple task , and a prescription drug benefit will place new pressure on Medicare as our nation 's senior population grows . Perhaps the greatest benefit will be tax fairness . When it comes to saving avenues for salaried people , almost everybody has a favourite method.But in almost all cases the basket of choices is pretty limited.Whether it is the ubiquitous Section 88 ( under Income Tax Act , 1961 ) group of investments like public provident fund , Life Insurance Corporation 's ( LIC ) endowment plans , specified mutual funds , post office saving accounts , or Unit Trust of India 's Unit Linked Insurance Plan ( ULIP ) combined with contributions to the provident fund , the question that people are usually concerned with is how much of the savings should be allocated to these avenues rather than looking at fresh sources.But a significant change that has occurred over the past few years is the increasing reluctance of the finance ministry and the Reserve Bank of India to continue with the tax concessions for many of these instruments.Since the concessions were the chief attraction for investment in these funds , it is time to take a good hard look at one 's portfolio if the savings are entirely built with these papers.As any investment is a long-term commitment , if the tax treatment is going to turn adverse down the years , then one should question the worthiness of the same , especially as the interest rates on these securities are also going down.For the time being , the Centre , bowing to political compulsions , has decided to keep the tax concessions going , even though the benefit percentage has been reduced to 15 per cent for those with income of above Rs 1.5 lakh ( Rs 150,000 ) per annum with effect from 2002-03.But no matter which government assumes power in 2005 , it is certain that the benefit will disappear soon . Some indirect benefit will no doubt accrue . What benefit will students gain from increases in tuition ?