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

851 views 4 replies

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

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details