Dear Expert
Can anyone help me to understand TDS is applicable for Insurance premium paid for employees.
Thank you
Vijith T K
There is no provision under the Income Tax Act, 1961 for deduction of TDS on the insurance premium paid to the insurance companies. Hence, no TDS will be deducted on such payment.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
ACA. Sorav Gupta
(Practicing Chartered Accountant)
CAclubindia
