Hi members,
The query is about a company that has bought a medical insurance plan for its employees and their families. The company paid the premium cost, and it recovers 20% from employees' salaries.
e.g., the premium per person is 2,000, and for a family of 3, it becomes 6,000. The company recovers 1,200 from salaries.
Now, what would be the amount of perks, if any, and the amount of deduction available to employee u/s section 80D?
Thanks