CA Ramsai N (Fresher) 09 April 2013
the employer has taken a Medical Insurance cover for the staff.
Please suggest the tax effects on employee and employer.
Is employee eligible to show this under 80D? please refer the sections.
Thanks in advance
CA BHUMIT SHAH (Consultant ) 09 April 2013
Employer will get deduction of mediclaim premium paid if it is not paid in cash and employee will not get deduction since he himself has not borne the premium and it may amount to double deduction from the view of revenue department