Group Medical Insurance Provisions


Ranganath AAGJ (CA Final Student)     01 February 2008

Ranganath AAGJ
CA Final Student 
 147 points

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Dear friends..

I have some doubt regarding Group medical insurance.. please clarify..

what is the effect in books of employer..

since the medical insurance is taking for their employees. will employee can get deduction under section 80D.

thankx in advance

 

 

 

CA. Rajaganesh (Service)     01 February 2008

CA. Rajaganesh
Service 
 111 points

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Like any other expenditure the employer can claim the amount paid towards Group Medical insurance as expenses, it will be grouped under Employee benefits. Sec 80 D is applicable only to Individuals and HUF

CA. Rajaganesh (Service)     01 February 2008

CA. Rajaganesh
Service 
 111 points

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the employee will not get any deduction u/s 80D.

PRAVEEN (Finance Manager)     05 February 2008

PRAVEEN
Finance Manager 
 81 points

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IS Group medical Insurance attacts FBT

avater

O.D.SHARMA (DGM-F & A)     06 February 2008

O.D.SHARMA
DGM-F & A 
 43 likes  1719 points

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This is exp. in company covered in FBt but no 80D deduction


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