SERVICE TAX ON MEDICLAIM

[JAYANT DUMNE]

Whether Service tax on health insurance premium can be considered for computing IT for an individual

[DR.MARIAPPAN GOVINDARAJAN]

Your query is not clear. Exemption is available from income tax for insurance payable by the individual. Whether you query is the service tax paid is also eligible for exemption?

AI Summary

Service tax on health insurance: whether the tax component is eligible for income tax exemption when paid by an individual.
Whether service tax charged on a health insurance premium paid by an individual is eligible to be treated with the insurance premium for income tax exemption is questioned; the advisor notes insurance premiums may be exempt and asks if the separate service tax component is likewise eligible for exemption or deduction.