Taxable perquisite in Group medical insurance

268 views 1 replies

Hi members,

The query is about a company that has bought a medical insurance plan for its employees and their families. The company paid the premium cost, and it recovers 20% from employees' salaries.

e.g., the premium per person is 2,000, and for a family of 3, it becomes 6,000. The company recovers 1,200 from salaries.

Now, what would be the amount of perks, if any, and the amount of deduction available to employee u/s section 80D?

Thanks

Replies (1)

Summary: The portion of the insurance premium paid by your employer is tax-free for you. The portion recovered from your salary is eligible for a tax deduction under Section 80D, provided you are filing under the Old Tax Regime and stay within the specified monetary limits.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details