Life insurance
This query is : Resolved
11 May 2014
Hi,
If employer pays life insurance premium for employee is it allowed as an expense? and is it tax free for employee or is it considered as perk for him?
11 May 2014
see, for an employer it is an expense anyways, if it is keyman insurance policy, then it will be an insurance related expense. otherwise, it would included in employee cost as perquisite.
11 May 2014
needless to say, once it is included in the salary, employee can claim deduction under 80C
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