Employee's Contribution to Welfare Fund - Section 36(1)(va)

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....ployees is deemed as business income of the employer. Deduction shall be allowed for the same if such sum is credited by the assessee to the employee's account in the relevant fund or funds on or before the due date. Very important note:- It is very important for each assessee to know that if he defaults in deposit of PF, ESIC etc, contribution received from employees as per due date as pr....