Annuity paid by employer
This query is : Resolved
Guest
Guest
(Querist)
17 September 2014
An employee is provided personal accident policy by the employer and premium of which Rs 5000 paid by employer.
Is it is a taxable perquisite?
Is it is a taxable perquisite?
17 September 2014
Hi
Is it for all employees or for specified employees,
If GPA taken then same is not taxable perquisite.
Thanks
Is it for all employees or for specified employees,
If GPA taken then same is not taxable perquisite.
Thanks
17 September 2014
Hi
If employer pays any insurance premium on behalf of his employee then it will be regarded as income of the employee and it will be added in the gross salary as perquisite U/s 17(2)(V) .
However the following two insurance premium paid by the employer on behalf of employee shall not be taxable for employee:
a) Medical Insurance Premium;
b) Personal Accident Insurance Premium.
Thanks
If employer pays any insurance premium on behalf of his employee then it will be regarded as income of the employee and it will be added in the gross salary as perquisite U/s 17(2)(V) .
However the following two insurance premium paid by the employer on behalf of employee shall not be taxable for employee:
a) Medical Insurance Premium;
b) Personal Accident Insurance Premium.
Thanks
Guest
Guest
(Querist)
17 September 2014
Thanks very much
Is only two ie Medical insurance premium
and personal Accident insurance premium are excluded,Or there other insurance premium also.
Is only two ie Medical insurance premium
and personal Accident insurance premium are excluded,Or there other insurance premium also.
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