Regarding section 80JJAA My question is if a co. Claimed deduction under 80jjaa in FY 2015-2016 (I.e., 1st year) on additional 100 employees. In 2nd year it can claim deduction on same employees (100) if further increase in employees (say 20). So total deduction will be for 120 or 20? Moreover if there's no further increase can it claim only on 100?
deduction is spread over three years I.e. deduction u/s 80jjaa shall be allowed for 3 assessment year. in your case in 3rd year deduction will allow for 120 employees I.e. 100+20. 4th year and 5th year
in 4th and 5th year deduction for only 20 employees will be allowed. in other case case if no addition employee then only 100 employees deduction will be allowed in 3rd year. no further deduction.
If there is increase of 10 employees in Fy 15-16 for eg. Take rs.100000 is ncreased salary then deduction in Fy 15-16 will be 30000(30% of 1 lac)..In FY 16-17 deduction will be 30000 again and so as in next year..Take the increased employee's cost as separate from other to calculate additional benefit.
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