1. Nature of expenses
- Any sum payable by an employer by way of contribution to PF or superannuation fund or other fund for the welfare of the employees
- Tax, Duty, Cess or any fee payable
- Bonus or commission payable to employees
- Interest payable on loan or borrowing from a public financial institution or interest on any loan or advances payable to scheduled bank.
- Any sum payable by an employer in lieu of leave at the credit of his employee.
2. Time limit for payment: Payment shall be made either during the relevant previous year or on or before the due date of filing of return.
3. Where the payment is made subsequent to the due date of filing return, shall be allowed only in the year of payment.