ITC on Mediclaim policy

Can I claim for ITC on Mediclaim policy for employees?
Replies (3)
Quick Summary
This discussion clarifies whether businesses can claim Input Tax Credit (ITC) on mediclaim policies purchased for employees. The consensus is that ITC is claimable if the medical insurance is mandatory under current law, such as the MHA order dated 15th April 2020. Ensure the insurance premiums are recorded in the company's P&L account to be eligible.

If it is mandatory to get medical of all employees under any law being time force then you can else you can not
MHA has issued Order No. 40-3/2020-DM-I (A) dated 15th April 2020. In Clause No. 5 of Annexure-II of the order MHA has made medical insurance mandatory for workers.
@ Mr Subodh KS.,

Yes... You (company) can claim ITC for insurance taken for employees.

Note : The amount of insurance paid must be in the company's books into PandL account.

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