TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clause 30 of Income Tax Bill 2025 Updates Premium Deductions, Encourages Asset, Cattle, and Employee Insurance Coverage</h1> Clause 30 of the Income Tax Bill, 2025, introduces changes to deductions for insurance premiums, impacting businesses and cooperative societies. It aims to clarify and standardize premium deductions, encouraging insurance coverage for assets and members. Sub-Clause (a) allows deductions for insurance against damage to business assets, (b) for insurance on cattle life by milk cooperatives, and (c) for employee health insurance premiums paid through non-cash modes. These provisions align with risk mitigation and financial stability goals. Comparatively, Clause 30 mirrors Section 36 of the Income Tax Act, 1961, but emphasizes modern payment methods and continuity in policy.
TaxTMI 
TaxTMI 