How much exemption can employees claim as per section 80 IAC
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U/s 80 IAC how much exempt for employees
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Section 80-IAC is a corporate tax exemption meant strictly for eligible startups, allowing them to deduct 100% of their profits for 3 years. Individual employees cannot claim deductions under this section. However, employees of such startups can benefit from deferred tax on ESOPs under Section 192(1C).
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