Sec. 80-d of income tax
ars
(Querist) 06 June 2016
This query is : Resolved
in a co. for the group mediclaim policy for the employee and their family the annual premium is paid by the employer.
The policy is on sharing basis, where by the premium is paid on 50 -50 basis by the employer and the concerned employees.
The employees’ contribution (50%) are deducted from their salary.
The queries are :
1. Whether the individual employee shall claim deduction u/s 80D for the 50% or part of premium paid by it, during the FY.
2.Whether the premium paid by the employer (50% or part) amounts to perquisites ?– taxable in the hands of the employee?
request to reply with citation from the act / tax laws.
N R Dash..
(Expert) 07 June 2016
Not a legal query. Refer to the form 16 provided by your employer.
Citations are not given here...
ars
(Querist) 07 June 2016
thanks for reply sir,
the form 16 provided has not given any such tax benefit of dedutoin under 80-D and infact have charged the employers contribution as a perquisite.
I have doubt about such an treatment and hence this query.
T. Kalaiselvan, Advocate
(Expert) 10 June 2016
The tax queries can be posted into the CA club of this forum for better advise and opinion.
Rajendra K Goyal
(Expert) 11 June 2016
If the premium paid by employer is taken / shown as perquisite, full benefit of premium paid can be availed.
However, discuss in detail with the tax consultant.
