Employees' contribution to PF is eligible for Deduction U/s. 43B

Whether the deposit by the assessee­ of the employee’s contribution to the Employees Provident Fund (EPF) or to the Employees State Insurance Corporation (ESIC), i.e., as an employer, after the respective due dates, i.e., under the respective Acts, where-under both the employee and the employer are obliged to contribute a sum, reckoned as a percentage of an employee’s salary, to a Fund maintained for the welfare of the employees, though before the due date of filing return of income for the relevant year, could be allowed as a deduction in computing its business income for the said year. ...