SERVICE TAX ON MEDICLAIM

[JAYANT DUMNE]

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

AI Summary

Clarification Sought on Income Tax Exemption for Service Tax Paid on Health Insurance Premiums A discussion was initiated regarding the inclusion of service tax on health insurance premiums in the computation of individual income tax. The query sought clarification on whether the service tax paid on health insurance premiums is eligible for income tax exemption. The response highlighted that while insurance payments are exempt from income tax, it was unclear if the query pertained specifically to the eligibility of service tax for such exemptions. The discussion aimed at clarifying the tax implications of service tax on health insurance premiums.