Employee's Contribution to Welfare Fund - (New) Section 21(1)(e) / (Old) Section 36(1)(va)

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....duction while computing Income under section 26 in respect of • Employee contributions collected by him deposited in to • any provident fund or superannuation fund or • any fund set up under the provisions of the Employees' State Insurance Act, 1948 or • any other fund for the welfare of such employees; • Must be depos....

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....s per due date as provided in the respective PF/ESIC etc then even a delay of 1 day in depositing it may cause the entire amount in default to be allowed once for all, never ever be allowed again on actual payment of the same after a delay of even 1 day. This unpaid liability is not covered by section 43B(b). Only contribution of the employer is covered by the section 43B(b) and which can be pa....