14 October 2009
My employer is providing us health insurance cover through group mediclaim policy. My employer pays 50% premium for the health insurance of the employee+ Dependent family members, balance 50% premium deducted from employee salary. Please advice in this case the amount will be claimable under Section 80D for my individual tax computation. And for the above case accounting treatment etc, Please advise.
14 October 2009
U should get deduction as it has been paid from ur taxable income but as you are not paying directly to insurance company the claim may not be tenable.( in absence of the premium paid certificate in ur name )
Your employer should pay his contribution and should collect cheque from employees favouring The Insurance Company and thus u can get Premium paid certificate in ur name.
CAclubindia
