Benefits under the Income Tax Act for creation of employment

Ajay Kumar Maggidi , Last updated: 20 October 2020 Share Follow on Google News

A taxpayer is eligible for deduction up to 30% of Additional Employee Cost for three consecutive assessment years, starting from the relevant previous year in which a new employee wasemployed. What is this? It is Employee linked tax deduction under chapter VI-A. The more employees you recruit,

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About the Author

Ajay Kumar Maggidi

Manager - Finance & Accounts

Ajay Kumar Maggidi is a seasoned finance professional with over 12 years of experience in accounting, taxation, payroll, and corporate compliance. After earning the trust of clients through his deep technical expertise and problem-solving approach, he has transitioned into Business Development for Finance Accounting s ... Read more

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Benefits under the Income Tax Act for creation of employment

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