Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2018 Dear Sir,

can we get rebate in income tax of Group Medical Insurance Policy,who will get and what is limit.

CA Suresh Jain

CA Suresh Jain (Expert)
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09 April 2018 If Company pays the entire amount of Group medical insurance taken for its employees, the company shall charge it as expense and employee shall not get a benefit. In case employees are required to contribute then they shall be able to claim the amount paid as a deducted u/s. 80D

RAJA P M

RAJA P M (Expert)
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09 April 2018 Yes... I agreed to Mr. CA Suresh Jain...

The group insurance from company (Employer) and they only contribute the amount then employees can't avail the benifit of Deduction. Bcoz, It's booked in company's expenditure head...

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