Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF REVENUE 

RAJYA SABHA
UNSTARRED QUESTION NO. 1279
ANSWERED ON TUESDAY, DECEMBER 17, 2013 / 26, AGRAHAYANA, 1935 (SAKA) 

QUESTION
Tax Benefits for Companies Hiring Ex-Servicemen 

1279: SHRI RAJEEV CHANDRASEKHAR: 

Will the Minister of FINANCE be pleased to state: 

(a)   whether Government proposes as a part of Government programme, to grant tax incentives/benefits to companies who agree to hire retired/released Armed Forces veterans; 

(b)   if so, by when this is likely to be implemented; and 

(c)    if not, the reasons therefor?

 

ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI J.D. SEELAM) 

(a) & (b): No Sir, there is no such proposal. 

(c) Tax incentive is not granted for employing any particular category of employees. However, to incentivise employment in general, section 80JJAA of the Income-tax Act provides for deduction to an Indian company engaged in manufacture of goods, of an amount equal to 30% of additional wages paid to new regular workmen employed by the company, subject to the conditions specified therein.