HRA & LIC Premiums

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 February 2011 Hi,

I would like to know incase of HRA Exemption if Maintainenace Charges paid by the employee are eligible for deduction.

Secondly Service tax paid on LIC & Mediclaim premiums are eligible under 80C.

Ashok Asthana

Ashok Asthana (Expert)
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23 February 2011 No to the first part. Yes to the second part.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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23 February 2011 Mediclaim Premium is allowable u/s 80D of the Income ax Act and service tax charhed on premium amount is stritly not allowable but every body is taking benefit of premium paid including service tax and most of the case It Department do not have any objection

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Ashok Asthana

Ashok Asthana (Expert)
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23 February 2011 Service Tax is an inherent part of premium paid and is included in the total charges paid as premium, hence the benefit of including the in the gross premium paid can be availed.