S.80JJAA- incentive for new and additional employment - must be further expanded, liberalized, and simplified to achieve its purpose.

S.80JJAA- incentive for new and additional employment - must be further expanded, liberalized, and simplified to achieve its purpose. https://www.taxtmi.com/article/detailed?id=14642 Section 80JJAA allows a thirty percent deduction of additional employee cost for three assessment years, defining additional employee cost as emoluments (excluding employer pension/provident contributions and terminal payments) paid to employees who increase headcount, subject to exclusions for high paid employees, government funded pension beneficiaries, short tenure employees and non participants in recognised provident funds; it imposes anti avoidance rules, a mandatory accountant's report, prescribed electronic payment modes, and deeming rules for new businesses. en-us Fri, 13 Jun 2025 08:44:34 +0530 Fri, 13 Jun 2025 08:44:34 +0530 TaxTMI RSS Generator S.80JJAA- incentive for new and additional employment - must be further expanded, liberalized, and simplified to achieve its purpose. https://www.taxtmi.com/article/detailed?id=14642 Section 80JJAA allows a thirty percent deduction of additional employee cost for three assessment years, defining additional employee cost as emoluments (excluding employer pension/provident contributions and terminal payments) paid to employees who increase headcount, subject to exclusions for high paid employees, government funded pension beneficiaries, short tenure employees and non participants in recognised provident funds; it imposes anti avoidance rules, a mandatory accountant's report, prescribed electronic payment modes, and deeming rules for new businesses. Articles Income Tax Fri, 13 Jun 2025 08:44:34 +0530 https://www.taxtmi.com/article/detailed?id=14642