Group Medical Insurance Provisions

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CA Final Student
109 Points Posted on 01 February 2008

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

 

 

 

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On 01 February 2008 at 12:41 Report
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Service
80 Points Posted on 01 February 2008
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
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On 01 February 2008 at 13:01
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Service
80 Points Posted on 01 February 2008
the employee will not get any deduction u/s 80D.
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On 01 February 2008 at 13:12
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Finance Manager
38 Points Posted on 05 February 2008
IS Group medical Insurance attacts FBT
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On 05 February 2008 at 18:58
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DGM-F & A
1654 Points Posted on 06 February 2008
This is exp. in company covered in FBt but no 80D deduction
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On 06 February 2008 at 12:39

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