Income tax - medical insurance by employer

Tax queries 182 views 3 replies
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Finance & Accounts
69 Points Joined June 2016

Dear experts,

A company is paying Group Mediclaim Insurance for 1 year with GST and it will be recovered by employees salary, due to recovering the medical insurance from salary can be the employee avail 80D benefits?

Can we recover Insurance amount with GST from the employee or we only recover insurance amount?

If we recovering the insurance amount with GST form the employee's salary, shall we still allow to claim the Input tax credit by the company?

Please advice.

 

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On 14 May 2019 at 12:18 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
The recovered amount will be shown in Salary slip as mediclaim insurance then employees can claim the said deduction...
Otherwise not available.
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On 14 May 2019 at 12:38
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Finance & Accounts
69 Points Joined June 2016

Dear Raja P M sir,

Can we deduct with GST or Not?

Kindly advice.

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On 14 May 2019 at 12:41
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
If we recovering the insurance amount with GST form the employee's salary, shall we still allow to claim the Input tax credit by the company?

- No.
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On 14 May 2019 at 12:43


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