Income tax

CAN ANY ONE TELL ME THE ALLOWABILITY OF ESI & EPF EMPLOYEE CONTRIBUTIONS. IF THE SAME IS NOT PAID WITH IN THE DUE DATE THEN WHETHER THE IT DEPARTMENT ALLOW OR NOT. FURTHER I HAVE A DOUBT REGARDING DUE DATE. "DUE DATE"  MEANING FROM WHICH ACT WE HAVE TO EXTRACT. IS IT PF & ESI ACT OR INCOME TAX ACT.

 

 

Replies (1)
As per sec 43b of income tax act such deduction is allowed on payment basis. If the same isnt paid within dates specified in relevant acts, the same shall be disallowed in income tax act.

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