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of <h1>Section 80JJAA: 30% deduction for additional wages to new regular factory workmen for three assessment years</h1> Where an Indian company's gross total income includes profits from manufacture in a factory, the amended provision (effective 1 April 2014) allows a deduction equal to 30% of additional wages paid to new regular workmen in that factory for three assessment years including the year employment began, subject to conditions. The condition dealing with transferred or acquired operations now covers factories hived off, transferred, or acquired through amalgamation. The term formerly rendered as 'undertaking' is replaced by 'factory,' and 'factory' is defined by reference to the Factories Act, 1948.
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