Starbucks will stop covering GLP-1 weight-loss medications for employees starting in October, reflecting rising health costs. This decision aligns with a broader trend among employers adjusting health benefits. While companies like Allina Health and PwC have made similar changes, Bank of America emphasizes the importance of GLP-1 coverage as a key investment in employee health.
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"Starbucks' decision may leave employees feeling a bit lighter in coverage but heavier in costs."
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ITAT Chennai has ruled in favor of a taxpayer, allowing a βΉ79.25 lakh gratuity tax deduction despite initial denial due to a reporting error. The court emphasized that genuine claims under Section 43B should not be rejected over inadvertent mistakes. This decision highlights the importance of accurate tax reporting and the potential for rectifying errors in tax filings.
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