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Discussion > Income Tax > TDS > TDS on Insurance Premium

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padmakumar
Risk Manager
[ Scorecard : 24]

Posted On 17 August 2009 at 18:25

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Sir,

I am working in a Corporate taking many Insurance policies for welfare of employees as well as for other purposes. I would like to know whether I should deduct TDS while paying Insurance premium to Public / Private sector Insurance companies.

eg. Mediclaim policy premium to Oriental India is Rs.30 L

RITESH KOTHARI

CHARTERED ACCOUNTANT
[ Scorecard : 638]

Posted On 18 August 2009 at 16:01

NO U HAVE NOT TO DEDUCT TDS ON PREMIUM AMOUNT.

MR. R....halpfull hand is back
.
[ Scorecard : 275]

Posted On 19 August 2009 at 15:11

no u not deduct tds on it

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