https://www.taxtmi.com/caselaws?id=456837 Employee PF/ESI contributions deducted from salaries are deemed income under section 2(24)(x) and, in a business context, deduction depends on strict compliance with section 36(1)(va). Where the employee share is deposited after the time prescribed under the relevant labour law, the statutory condition for deduction is not met and the claim fails. The note follows the Supreme Court ruling in Checkmate Services Pvt. Ltd., which requires timely deposit of employee contributions for allowance under the Income-tax Act. en-us Mon, 05 Jun 2023 00:00:00 +0530 Tue, 20 Aug 2024 12:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456837 Employee PF/ESI contributions deducted from salaries are deemed income under section 2(24)(x) and, in a business context, deduction depends on strict compliance with section 36(1)(va). Where the employee share is deposited after the time prescribed under the relevant labour law, the statutory condition for deduction is not met and the claim fails. The note follows the Supreme Court ruling in Checkmate Services Pvt. Ltd., which requires timely deposit of employee contributions for allowance under the Income-tax Act. Case-Laws Income Tax Mon, 05 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456837