TaxTMI 
TaxTMI 
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.
insurance of employee
04 Mar 2011 
1 Reply 
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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. (AI Summary)
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. (AI Summary)