Deduction for employment of new employees: allows a limited multi year tax deduction for qualifying additional employee costs subject to conditions. Where an assessee subject to section 44AB has business profits, a deduction equal to thirty per cent of additional employee cost incurred in the previous year is allowed for a limited multi year period, subject to conditions. The deduction excludes businesses formed by split or reconstruction, acquisitions or reorganisations, and requires furnishing the prescribed accountant's report. 'Additional employee cost' covers emoluments to additional employees (first year of new business treated specially), with payment by account payee instruments or prescribed electronic modes; exclusions apply for high paid, short term, government contributed pension beneficiaries, and non participants in recognised provident fund.