https://www.taxtmi.com/acts?id=46201 New subsection bars deduction for expenditure that results in payment of salary or provision of perquisites to employees or former employees when such amounts exceed prescribed limits; companies face an aggregate cap for directors, substantial-interest persons and their relatives; specified travel, passage and certain section 36 payments are excluded; exemptions apply for employment abroad, particular section 10 exempt employees, and low-salary employees; definitional adjustments of "salary" and "perquisite" govern application. A separate rule disallows excess fees paid to recent former employees within twenty-four months, subject to a monetary ceiling. en-us Mon, 16 Dec 2024 16:44:54 +0530 Mon, 16 Dec 2024 16:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46201 New subsection bars deduction for expenditure that results in payment of salary or provision of perquisites to employees or former employees when such amounts exceed prescribed limits; companies face an aggregate cap for directors, substantial-interest persons and their relatives; specified travel, passage and certain section 36 payments are excluded; exemptions apply for employment abroad, particular section 10 exempt employees, and low-salary employees; definitional adjustments of "salary" and "perquisite" govern application. A separate rule disallows excess fees paid to recent former employees within twenty-four months, subject to a monetary ceiling. Act-Rules F. Acts / Amendment Acts Mon, 16 Dec 2024 16:44:54 +0530 https://www.taxtmi.com/acts?id=46201