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.
can we get rebate in income tax of Group Medical Insurance Policy,who will get and what is limit.
CA Suresh Jain
(Expert)
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
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...
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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