Deduction under income tax u/s 36(1)(ib)
This query is : Resolved
17 August 2013
Dear Sir
I am working in Private company i have one doubt our company take Group personal accident policy for our company employees(From Reliance). This expenses we can claim or not as per Income tax U/S 36(1)(ib).
Kindly advice me
Thanks in advance
I am working in Private company i have one doubt our company take Group personal accident policy for our company employees(From Reliance). This expenses we can claim or not as per Income tax U/S 36(1)(ib).
Kindly advice me
Thanks in advance
17 August 2013
Yes the premium paid in respect of insurance is an allowable expense under the Income Tax Act.
19 August 2013
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