Employer Employee Life insurance scheme.

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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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 04 February 2023

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

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 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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sabyasachi mukherjee (25983 Points)
Replied 05 February 2023

The employers contribution is calculated seperately .

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 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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