Group insurance contributions treated as deductible insurance premiums, qualifying for relief subject to statutory limits. Contributions by Air Force and Navy personnel to their respective group insurance schemes are treated as insurance premia and qualify for deduction, ... Summary
Group insurance contributions treated as deductible insurance premiums, qualifying for relief subject to statutory limits.
Contributions by Air Force and Navy personnel to their respective group insurance schemes are treated as insurance premia and qualify for deduction, subject to the statutory restrictions and aggregate limits applicable to such insurance premia under the income-tax deduction framework.
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