Tax Credit for Persons Employing Fresh Graduates Section 64c

Tax Credit for Persons Employing Fresh Graduates Section 64c

Tax Credit for Persons Employing Fresh Graduates Section 64c: Section 64C has been omitted which was read as “A person employing freshly qualified graduates from a university or institution recognized by Higher Education Commission shall be entitled to a tax credit in respect of the amount of annual salary paid to the freshly qualified graduates for a tax year in which such graduates are employed”.

Now no Tax Credit is available to persons employing fresh graduates.

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