Accountancy Forum

employees ki group insurance ka legal status kya hay.aur accounts main is ko kaisay treet kartay hain.

Dear
if you want to ask regarding the contribuion exemption of social security contribution(SSC) by subscribing in the group insurance,i want to clear you that there is no relaxation availbale towards social security contribution of the company.
Legally company is not bound to pay group insurance of the employees,company is bount only SCC.
In accounts these expenses will appear in the admin expense under the sub heading of insurance.

Regards,

Majid