FBT ON INSURANCE

The employer is paying insurance premium on the risk of family of employee because of his employer-employee relation only. This will fall as perquisite and for FBT will be staff welfare

hi,mr.v.k duggal,as u had mention F.B.t is payable on premium paid,pls let me know if life insurance premium paid by employer ( not a group insurance plan & not a statutary obligation of employer) for director or senior level employee , weather it is taxable as perquisite to employee u/s 17(2)(v) or f.b.t is payable by employer under dtaff welfare?