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Employer Employee Life insurance scheme.
how to claim the tax benefit of the Insurance premium of books of accounts of Employer and after maturity the policy tax impact will be employee.
Replies (4)
Quick Summary
No tax benefit to employee on premium paid by employer, but maturity would be tax exempt.
It will be an expense to employer and tax benefit will be 31.2% since it reduces the net profit unless it is statutory liability
The employers contribution is calculated seperately .
It's not PF . The query is about tax benefits. Since it is expense, tax benefit will be there
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