https://www.taxtmi.com/circulars?id=9487 Liability for compensation to pilots grounded as medically unfit is borne by Indian Airlines under service rules and a wage agreement, and insurance policies were procured to cover that obligation. Premiums are effectively payable by the employer, so reimbursement of such premiums to pilots is not to be treated as a perquisite in individual income tax assessments; Instruction No. 1343 dated 29 7 1980 is modified accordingly. The taxability of compensation on loss of flying licence remains under separate consideration. en-us Tue, 09 Nov 1982 00:00:00 +0530 Mon, 06 Jun 2011 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9487 Liability for compensation to pilots grounded as medically unfit is borne by Indian Airlines under service rules and a wage agreement, and insurance policies were procured to cover that obligation. Premiums are effectively payable by the employer, so reimbursement of such premiums to pilots is not to be treated as a perquisite in individual income tax assessments; Instruction No. 1343 dated 29 7 1980 is modified accordingly. The taxability of compensation on loss of flying licence remains under separate consideration. Circulars Income Tax Tue, 09 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9487