Perquisite section 17(2)

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9 Points Posted on 14 May 2021
Lic paid by employer to employee is treated as perquisite
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On 14 May 2021 at 14:38 Report
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Quick Summary
This discussion clarifies that a Life Insurance (LIC) premium paid by an employer on behalf of an employee is considered a taxable perquisite. This means the value of the LIC payment is added to the employee's income and is subject to income tax.

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tax consultant
3306 Points Posted on 14 May 2021
Yes it would be
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On 14 May 2021 at 14:57
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Chartered Accountant
24588 Points Posted on 14 May 2021
Yes it is an taxable perquisite
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On 14 May 2021 at 15:06

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