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Deduction under income tax u/s 36(1)(ib)

This query is : Resolved 
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(Querist)
17 August 2013 Dear Sir
I am working in Private company i have one doubt our company take Group personal accident policy for our company employees(From Reliance). This expenses we can claim or not as per Income tax U/S 36(1)(ib).
Kindly advice me
Thanks in advance
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
17 August 2013 Yes the premium paid in respect of insurance is an allowable expense under the Income Tax Act.
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BASKARAN

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BASKARAN (Querist)
18 August 2013 Dear Sir

Thank you for your kind reply
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 August 2013 You are welcome. You should use the thanks button to convey your thanks.

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