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?
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
