Employer Employee Life insurance scheme.

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1 Points Posted on 04 February 2023
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.
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On 04 February 2023 at 12:15 Report
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Quick Summary
This discussion clarifies the tax treatment of employer-sponsored life insurance policies. While employees receive no tax benefit on premiums paid by their employer, the maturity payout is tax-exempt. For employers, the insurance premium is an allowable expense, offering a tax benefit of 31.2% as it reduces net profit, unless it's a statutory liability.

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SEO Sai Gr. Hosp.
212444 Points Posted on 04 February 2023

No tax benefit to employee on premium paid by employer, but maturity would be tax exempt.

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On 04 February 2023 at 14:17
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CFO- at NHTF
58280 Points Posted on 04 February 2023
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
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On 04 February 2023 at 23:18
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Profession Business
28246 Points Posted on 05 February 2023
The employers contribution is calculated seperately .
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On 05 February 2023 at 09:01
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CFO- at NHTF
58280 Points Posted on 06 February 2023
It's not PF . The query is about tax benefits. Since it is expense, tax benefit will be there
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On 06 February 2023 at 07:19

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