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TDS & GST TDS ON PAYMENT OF HEALTH INSURANCE PREMIUM

This query is : Resolved 

28 July 2020 MY ORGANISATION IS TAKING A HEALTH INSURANCE FOR ALL ITS EMPLOYEES. TOTAL PREMIUM AMOUNT IS APPROX RS. 10LAKHS.

IS TDS AND GST TDS REQUIRED TO BE DEDUCTED BEFORE MAKING PAYMENT.

28 July 2020 GST shall be charged by Insurance company, and TDS is not deducted while paying insurance premium. Therefore your organisation need not to deduct anything.

28 July 2020 We are also not required to deduct GST TDS as ours is a government organisation ?

28 July 2020 No, You are not required to deduct TDS, though government organization. There is no TDS on any kind of insurance payments.


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