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IT upon Employer-Employee insurance

Others 398 views 8 replies
dear sir,
a public limited listed company becomes proposer and payer for insurance plan of it's directors. company pays the premiums regularly and claims this as expenses of company. before maturity, Insurance policies are assigned to directors and directors receive the maturity payouts. is this payout in the hands of a director tax free u/s 10(10d).
Replies (8)
amount of prem is re 10lakh how much amt we can claim under expenses for income tax benefits
company can claim up to 10 lacs and individual can claim up to 1.50 lacs.
For any employee or total amt 10lakh if premium exceeds more than 10 lakhs how much will claim
sir,question is not clear.
sir how much amount an company claims under employer employee scheme
100 percent of the premiums.
under which section
dear sir,
a public limited listed company becomes proposer and payer for insurance plan of it's directors. company pays the premiums regularly and claims this as expenses of company. before maturity, Insurance policies are assigned to directors and directors receive the maturity payouts. is this payout in the hands of a director tax free u/s 10(10d).


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