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Deductions u/s 80c & 80d

Others 838 views 2 replies

Hi ! Everybody.

Can ne1 please answer my following question.

I do work with a Pvt Ltd Co. My LIC premium and Mediclaim Premium are being paid by my Employer.

My question is that can I claim the deductions u/s 80C & 80D in my Return agnst above. Will it be considered as perks.

I would prefer to have expert like opinion in this regard at the earliest.

Thnx in advance,

D Sen

Replies (2)
Hi Dipen, as per sec 17(2)(v) of income tax act, If your employer has paid premium of any policy on behalf of the employee, the premium so paid shall be taxable, however premium paid for following two policies shall be exempt from income tax. 1. Accident policy ,2. Group Insurance policy. In your case insurance premium paid by employer shall be added to your gross salary and taxable. Thanks and Regards Suraj Pahuja.t policy ,2. Group Insurance policy. In your case insurance premium paid by employer shall be added to your gross salary and taxable. Thanks and Regards Suraj Pahuja.
Hi Dipen, as per sec 17(2)(v) of income tax act, If your employer has paid premium of any policy on behalf of the employee, the premium so paid shall be taxable, however premium paid for following two policies shall be exempt from income tax. 1. Accident policy ,2. Group Insurance policy. In your case insurance premium paid by employer shall be added to your gross salary and taxable. Thanks and Regards Suraj Pahuja.


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