Deduction of Mediclaim Policy
by Rakesh
(Chandigarh)
Our employer extends the facility of Mediclaim Policy for retired employee. 80% premium is paid by retiree and balance by the employer. Employee pay the premium to employer and further on behalf of retiree pay the premium to insurance company.
My question is whether retiree can claim deduction on this account?. However, the employer did not issue any receipt for the amount paid by retiree only common receipt is prepared by the employer.
Professional, Managerial & Executive Openings!