I’m referring to the regulation below. Please confirm if this is correct.
Ministerial Regulation No. 126 Clause 2(77), the insurance payment for employee which could be exempted personal income tax, is only for group insurance which is not over 1 year period and only for the portion of medical cover (for medical payment in Thailand). That means the portion of premium on Life & Accidental cover along with extended coverage to the dependents will be subjected to personal income tax.