80c

This query is : Resolved

naresh kumar (Querist)
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26 February 2013 If an employer pays the lic premium from his account .can he takes the rebate of the same in 80c.

or employee will take the rebate of the same and what will be the treatment of the same in both employer and employee 's income tax return

@VaibhavJ

@VaibhavJ (Expert)
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26 February 2013 Hi

Person paying lic premium is eligible.

If employer is recovering lic prem. by deducting amt. from salary then he would be granted deduction u/s 80C.

However in no case an employer can claim deduction u/s 80c, however but same can be considered as employee cost and business expense can be claimed.

Thanks!!

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (Expert)
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26 February 2013 Agree with VaibhavJ

@VaibhavJ

@VaibhavJ (Expert)
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26 February 2013 Thanks for confirmation Rajeshji...

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (Expert)
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26 February 2013 You are Our CCI Hero brother.

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