Section 37(1) of the Income Tax Act Employer-Employee Insurance

Employee welfare is one of the prime responsibilities of an employer. It helps in the smooth functioning of the organization and also develops a productive, healthy work environment. Employer-Employee Insurance, commonly known as group health insurance is one such benefit offered by the employer to his employee. Section 37(1) of the Income Tax Act employer-employee insurance mentions the tax exemptions on the premiums paid toward this insurance plan. In the article below, we shall look in detail at these plans, eligibility, and their benefits.

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