Fog on tax sops for new jobs likely to clear out in upcoming Budget
![](https://img.etimg.com/thumb/msid-89029115,width-1070,height-580,imgsize-716778,overlay-economictimes/photo.jpg)
Section 80JJAA of the I-T Act, 1961 provides for tax breaks to companies for three years on each new job added with a monthly salary cap of ₹25,000. The employee against whom the deduction is claimed, however, should have worked for a minimum of 240 days during the year in that organisation.
via Economictimes
Post a Comment