Deduction u sec 80d
This query is : Resolved
04 September 2017
Dear Experts
My company has made Group Health Insurance policy in Star Health Insurance to Individual Employees for that company has paid the premium including our parents also and parents related premium amount has taken back from our salary after.
Kindly advise whether that parents related premium is admissible for deduction under sec 80D in Income Tax and what documents should i produce to company and income tax for that.
My company has made Group Health Insurance policy in Star Health Insurance to Individual Employees for that company has paid the premium including our parents also and parents related premium amount has taken back from our salary after.
Kindly advise whether that parents related premium is admissible for deduction under sec 80D in Income Tax and what documents should i produce to company and income tax for that.
04 September 2017
Since you pay the employer back the insurance premium amount, you can still claim the deduction for yourself and your parents. Just ensure to keep a documentary evidence like salary slip where the amount is recovered by employer
05 September 2017
Thank you sir and company has deducted only parents portion of premium from my salary and same amount i declared for Income tax deduction and company is refusing to consider that premium deduction from salary slip.
Kindly advise in this case how to convince our company this is eligible for deduction under sec 80D
Kindly advise in this case how to convince our company this is eligible for deduction under sec 80D
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
