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of <h1>Section 80JJAA: Businesses Get 30% Deduction on Additional Employee Costs; Conditions and Exclusions Apply</h1> Section 80JJAA of the Income-tax Act, as amended by the Finance Act, 2016, effective April 1, 2017, provides a deduction for businesses on the additional employee cost incurred. Eligible businesses can claim a 30% deduction on these costs for three assessment years, starting with the year of employment. However, this deduction is not available if the business is formed by splitting or reconstructing an existing business, acquired through transfer, or if the required accountant's report is not furnished. The section defines 'additional employee cost,' 'additional employee,' and 'emoluments' with specific exclusions and conditions.
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