Deductions u/s 80c & 80d

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2011 Dear Sir,

What will be the implications in my ITR if LIC Premium & Mediclaim Premium are being paid on my behalf by the Employer. I am working in a Pvt Ltd Co.Can I claim the deductions from the tax liability against above. Will it be considered as Perks.

Thanking you in advance

D Sen

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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26 July 2011 Yes... these will be considered as taxable perquisite in your hand.

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2011 Sir,

Thanks for your quick and valuable reply. But whether can I claim deductions or not while computing total income, that query yet to be answered.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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26 July 2011 YES.....you can get

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2011 Thank you very much, Sir.