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section 80JJAA

Tax Incentive To Business / Service Sector/ Industry On Salary Of New Employees

Any service or business sector or manufacturing industry can claim additional deduction of 30% of salary paid to their additional employees, subject to fulfilment of few conditions. This deduction of 30% of the additional employee cost can be claimed for 3 years including the year in which such employment is provided. Aggregate amount of the additional tax incentive in 3 years would be 90% of salary paid to additional employees.… Read More »Tax Incentive To Business / Service Sector/ Industry On Salary Of New Employees