is employee contribution to group insurance scheme in the form of premium eligible for deduction u/s 80d for the employee ?
Prompt reply will be appreciated.
Thanks
1 Replies
Nooruddin Minsaria
(Accounting )
(32 Points)
Replied 08 November 2011
It is deductable if it is paid by a/c payee cheque, which maximum group mediclaim insurance scheme does not accept. hence it will not be eligible for deduction.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
