Deduction u/s 80d of income tax act
This query is : Resolved
04 February 2015
Company is obtaining group medical policy for it employees, i.e. obtaining in bulk for cheaper premiums for employees and their families.
Premium for each employee shall be deducted from their respective salaries and paid to the insurance company
can employee claim benefit of this u/s 80D?
Premium for each employee shall be deducted from their respective salaries and paid to the insurance company
can employee claim benefit of this u/s 80D?
04 February 2015
Yes this amount deducted can be claimed u/s 80D.
Message likes :
1 times
04 February 2015
thanks is there any supporting documentation for this i have to submit to my management
04 February 2015
Deduction u/s 80D is available if the premium is paid (by any mode) by the assessee from his income chargeable to tax. In your case, company is paying premium and deducting it from employee's salary. Hence this deduction is available to the employee. Had the company not recovered premium amount from employee's salary, then deduction u/s 80D was not available.
04 February 2015
Deduction u/s 80D is available if the premium is paid (by any mode) by the assessee from his income chargeable to tax. In your case, company is paying premium and deducting it from employee's salary. Hence this deduction is available to the employee. Had the company not recovered premium amount from employee's salary, then deduction u/s 80D was not available.
Message likes :
1 times
04 February 2015
See the link.
https://www.simpletaxindia.net/2009/01/deduction-us-80d-mediclaim-policy.html
https://www.google.co.in/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=80d%20income%20tax%20act%20for%20group%20medical%20policy
https://www.simpletaxindia.net/2009/01/deduction-us-80d-mediclaim-policy.html
https://www.google.co.in/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=80d%20income%20tax%20act%20for%20group%20medical%20policy
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
