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Yash pays health insurance premiums for himself, his wife and his two children aged 13 and 8. Premiums for which of these individuals will qualify as deductible from Yash’s taxable income?

Yash pays health insurance premiums for himself, his wife and his two children aged 13 and 8. Premiums for which of these individuals will qualify as deductible from Yash’s taxable income? Correct Answer Yash, his wife and both his children

Yash pays health insurance premiums for himself, his wife and his two children aged 13 and 8. Premiums for Yash, his wife and both his children will qualify as deductible from Yash’s taxable income.

Related Questions

Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treated deductible as compensation paid to an employee?I. Health insurance with benefits payable to an employeeII. Keyman life insurance with benefits payable to Ajay
Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treated deductible as compensation paid to an employee?
I. Health insurance with benefits payable to an employee
II. Keyman life insurance with benefits payable to Ajay
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it. In the world today we make health an end in itself. We have forgotten that health really means to enable a person to do his work and do it well. A lot of modern medicine, and this includes many patients as well as many physicians, pay very little attention to health but very much attention to those who imagine they are ill. Our great concern with health is shown by the medical columns in newspapers, the health articles in popular magazines and the popularity of television programmes and all those books on medicine. We talk about health all the time. Yet for the most part the only result is more people with imaginary illness. A healthy man should not be wasting time talking about health : he should be using health for work.
Talking about health all the time makes people
Among the five friends, Ankit, Yash, Raghav, Sharan, and Gokul, the marks obtained by Sharan is more than Yash and Ankit. Raghav's marks are less than Yash but more than Ankit. Gokul's marks are more than Ankit and Raghav but less than Yash. Who scored the second-lowest marks among all the five friends?
Given below are two statements: Statement I : Deferred Tax Liabilities (Net) is the amount of tax on the temporary difference between the accounting income and taxable income. It arises when the accounting income is more than the taxable income. Statement II : Deferred Tax Liabilities (Net) and Deferred Tax Assets (Net) are only book entries i.e. they are neither actual liability nor actual asset. In the light of the above statements, choose the correct answer from the options given below:
Nikhil is looking for tax-efficient savings methods for his disposable income. He is considering an equity-linked savings scheme, national savings certificates and an endowment insurance policy. Premiums for which of these investments are allowed to be deducted from his taxable income?
According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
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Below are given statements followed by some conclusions- You have to take the given statements to be true even if they seem to be at variance with the commonly known facts- Statements: 1- Health insurance in India caters only to rich. 2- Health insurance sector should be regulated. Conclusion: I. Health insurance sector should be nationalized II. Health insurance is not required for the poor. Decide which of the given conclusions logically follow(s) from the given statements.
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph. P: “Mental health” refers to how people think, feel and act as they face life’s situations. Our mental health affects how we handle stress, relate to one another and make decisions. Q: All aspects of our lives are affected by our mental health, and protecting our mental health is essential for a better life. R: And mental health influences the way individuals look at themselves, their lives and others in their lives. S: Like physical health, mental health is important at every aspect of life.