https://www.taxtmi.com/manuals?id=1170 Deduction for employment of new employees is available to an eligible assessee whose business income is subject to audit, at 30% of the additional employee cost. The deduction continues for three consecutive tax years, but is denied where the business is formed by splitting up, reconstruction, transfer or reorganisation, or where the prescribed accountant's report is not furnished with the return. An additional employee must increase total employee strength and satisfy the stated salary, provident fund and minimum-period conditions. en-us Tue, 15 Sep 2015 11:58:00 +0530 Mon, 06 Jul 2026 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1170 Deduction for employment of new employees is available to an eligible assessee whose business income is subject to audit, at 30% of the additional employee cost. The deduction continues for three consecutive tax years, but is denied where the business is formed by splitting up, reconstruction, transfer or reorganisation, or where the prescribed accountant's report is not furnished with the return. An additional employee must increase total employee strength and satisfy the stated salary, provident fund and minimum-period conditions. Manuals Income Tax Tue, 15 Sep 2015 11:58:00 +0530 https://www.taxtmi.com/manuals?id=1170