https://www.taxtmi.com/acts?id=20430 A deduction equal to thirty per cent of additional employee cost is available to assessees required to get their accounts audited, for three assessment years including the year employment is provided, subject to conditions and filing of an accountant's report. The provision extends beyond manufacturing and specifies exclusions where businesses are formed by splitting, acquired by transfer or reorganisation, and excludes employees above the emoluments threshold, those with government-paid pension contributions, short-term employees, and non-participants in recognised provident funds; emoluments exclude employer fund contributions and terminal lump sums. en-us Mon, 29 Feb 2016 16:40:54 +0530 Mon, 29 Feb 2016 19:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20430 A deduction equal to thirty per cent of additional employee cost is available to assessees required to get their accounts audited, for three assessment years including the year employment is provided, subject to conditions and filing of an accountant's report. The provision extends beyond manufacturing and specifies exclusions where businesses are formed by splitting, acquired by transfer or reorganisation, and excludes employees above the emoluments threshold, those with government-paid pension contributions, short-term employees, and non-participants in recognised provident funds; emoluments exclude employer fund contributions and terminal lump sums. Act-Rules Bill Mon, 29 Feb 2016 16:40:54 +0530 https://www.taxtmi.com/acts?id=20430