insurance of employee

[d.v. gupta]

sir,

whether insurance premium paid  for  emplyees life deductible as business expediture.if deductible as business expenditure, premium will be added to salary of employee.

AI Summary

Deductibility of employee insurance: premiums are deductible as a business expense and not treated as employee salary.
Premiums paid for employee life insurance are deductible as business expenditure and need not be added to the employee's salary; such premiums are deductible under the general deduction framework and are distinct from insurance on plant and machinery.