Perquisite section 17(2)

Lic paid by employer to employee is treated as perquisite
Replies (2)
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.

Yes it would be
Yes it is an taxable perquisite

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