Accident Insurance - Weekly Compensation - is it taxable?

Insurance companies usually pay weekly compensation at the rate of 1% of the sum assured  per week for the period of Temporary Total Disablement  because of an accident. This is paid where there is No  Permanent  total or partial disablement.

Query is:  IS THIS AMOUNT OF WEEKLY COMPENSATION ON ACCOUNT OF TTD Taxable ? will it make any difference in case of a govt. employee getting this claim when he gets a paid leave also?

 

Replies (2)

Should not be taxable as capital receipt.

no                                                                            

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details