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Medical insurance premium - Perk commutation

Started by Ramasamy Ulaganathan, July 16, 2013, 08:37:59 AM

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Ramasamy Ulaganathan

As per Section 17 only  in following two cases medical insurance preimum are tax free perk.
a) any portion of medical insurance premium paid by employer directly to the insurance company for the health of employee.
b) any medical insurance premium paid by employer in respect of preimum paid by employee for the health of his/her family member.

Can anybody clarify whether medical insurance premium directly paid by employer to insurance company for the health of employee's family member fall under the taxable perk category or not?

Berriesmith

Every worker has a right to insurance cover. Though rules slightly differ across states; but there are some basics applicable to all states. However, not employees are well aware of that and need to increase their level of knowledge about such issues.
Dan Jones