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Kalpesh Jain

Latest Posts by Kalpesh Jain

New Section 80JJAA Deduction for Salaries paid to New Employees

March 16, 2020 250863 Views 19 comments Print

The Government of India, to promote employment generation activities, had introduced Section 80JJAA under Chp. VIA of Income Tax Act, 1961 which allows for deduction in respect of employment of new employees. Section 80JJAA enables an employer to enjoy tax sops or you can say – cashback for payment of salaries to new employees employed by him.

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