IF A COMPANY HAS 88 EMPLOYEES INCLUDING 50 CASUAL WORKMEN, 20 CONTRACT WORKMEN AND REST REGULAR AT THE END OF F.Y.2008-2009. IN FY 2009-10 CO. EMPLOYED 50 NEW WORKMEN IN WHICH 20 ARE CASUAL, 20 ARE CONTRACT WORKMEN AND 10 ARE REGULAR WORKMEN. IN THIS CASE WOULD COMPANY ELIGIBLE FOR DEDUCTION U/S 80 JJA? IF YES FOR HOW MUCH EMPLOYEES?
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DEDUCTION IN RESPECT OF NEW EMPLOYMENT u/S 80
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30% of Wages paid to all ten new regular workman will be allowed as deduction u/s 80JJA provided that those new workmen are employeed for 300 days or more.
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