Query - premium on life insurance policy is it an expense?

Can the premium paid on Life Insurance Policy for employees be claimed as expense in P&L A/c by a employer?

Replies (4)

Expenses are allowable :

a) If they are not personal in nature

b) If the expenses is not a capital expense

Insurance premium on employees paid by employer ia an allowable expense. As it is like any other staff expenses (salary,bonus)

agree with phalgun

It is treated as amount for  benefits of employees.....deduction for these expenses will be allowed to employer

its treated as employees benifits... this exp allowed for deduction

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details