Is employer contribution to state insurance plans in USA taxable in India?
This query is : Resolved
18 November 2024
I looked at my pay check and see a point in my paycheck under earnings. It reads employer contribution to insurance plan. The same amount is deducted from me as well. This amount however is not included in my gross income in the usa pay slip. As an Indian resident should this be added to my gross income when I report it in Indian ITR or should I report my gross income only and not add this since it's a benefit rather than an income.
Also, My employer contributes 50% to a group medical,accident, vision, dental plan and I pay 50%, Is that included in my taxable income in India?
Also, Social security and medicare taxes are deducted from my gross income and the employer paid the same amount from their end as well. Is the employer part of the taxes to social security and gross income considered my income in India?
Also, My employer contributes 50% to a group medical,accident, vision, dental plan and I pay 50%, Is that included in my taxable income in India?
Also, Social security and medicare taxes are deducted from my gross income and the employer paid the same amount from their end as well. Is the employer part of the taxes to social security and gross income considered my income in India?
CA R SEETHARAMAN
(Expert)
18 November 2024
This amount need not be included in your taxable income as it's not included in your gross income of USA pay slip.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Import Order Cancelled.
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Royalty payments to the Mining Department for procurement of murum - GST input
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
