HRA & LIC Premiums
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
Hi,
I would like to know incase of HRA Exemption if Maintainenace Charges paid by the employee are eligible for deduction.
Secondly Service tax paid on LIC & Mediclaim premiums are eligible under 80C.
I would like to know incase of HRA Exemption if Maintainenace Charges paid by the employee are eligible for deduction.
Secondly Service tax paid on LIC & Mediclaim premiums are eligible under 80C.
Ashok Asthana
(Expert)
23 February 2011
No to the first part. Yes to the second part.
Sunil Kr. Sanganeria
(Expert)
23 February 2011
Mediclaim Premium is allowable u/s 80D of the Income ax Act and service tax charhed on premium amount is stritly not allowable but every body is taking benefit of premium paid including service tax and most of the case It Department do not have any objection
Ashok Asthana
(Expert)
23 February 2011
Service Tax is an inherent part of premium paid and is included in the total charges paid as premium, hence the benefit of including the in the gross premium paid can be availed.
24 February 2011
agree with Mr. Ashok..
Benefit is available for premium inclusive of service tax.
Benefit is available for premium inclusive of service tax.
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