Perquisites

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LIC premium of employee paid by company is perquisites or not??
Replies (2)

Yes ,  As per section 17  proviso  of the Income Tax act 1961  LIC  premium paid by  employer  or company  is  perquisites  under  any  scheme  approved by  the  Central  Govt  or  IRDA  ( Insurance Regulatory and Development  Authority )

Confirm with other also 

I also have same opinion. But in a solution set is was not treated as perquisite. That is why doubt arise.


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