Income tax -salaries

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Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 What is the treatment of medical insurance premium paid by employer for employee's family in calculation of salary chargeable to tax?? Will this be taxable as a perquisite ,if so then under which section? Or will it be exempted??plzz reply

Amol S Joglekar

Amol S Joglekar (Expert)
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16 October 2015 It is perquisite under section 17

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 I know itz a perquisite ,bt is it taxable or exempted perquisite??plz mention the section along with the sub section and clause

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 I know itz a perquisite ,bt is it taxable or exempted perquisite??plz mention the section along with the sub section and clause

Amol S Joglekar

Amol S Joglekar (Expert)
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16 October 2015 17 (2) (iv) : any sum paid by the employer in respect of any obligation which, but for such payment, would have been payable by the assessee

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