Sums deductible from gross profits
Section 34 of the Code on Wages, 2019 deals with sums deductible from gross profits. The following sums shall be deducted from the gross profits as prior charges, namely:-- (a) any amount by way of depreciation admissible in accordance with the provisions of subsection (1) of section 32 of the Income-tax Act or in accordance with the provisions of the agricultural income-tax law, fo The Act was enacted on 08 Aug 2019.
The following sums shall be deducted from the gross profits as prior charges, namely:--
(a) any amount by way of depreciation admissible in accordance with the provisions of subsection (1) of section 32 of the Income-tax Act or in accordance with the provisions of the agricultural income-tax law, for the time being in force, as the case may be;
(b) subject to the provisions of section 35, any direct tax which the employer is liable to pay for the accounting year in respect of his income, profits and gains during that year;
(c) such further sums in respect of the employer as may be prescribed by the Central Government.
Section 34, The Code on Wages, 2019 (Act 29 of 2019).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 34
What does Section 34 of the Code on Wages deal with?
Section 34 of the Code on Wages is headed "Sums deductible from gross profits". The following sums shall be deducted from the gross profits as prior charges, namely:-- (a) any amount by way of depreciation admissible in accordance with the provisions of subsection (1) of section 32 of the Income-tax Act or in accordance with the provisions of the agricultural income-tax law, fo
How do I find court cases under Section 34 of the Code on Wages?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Code on Wages 2019 34, section 34 Code on Wages 2019, section 34 of the Code on Wages. People searching for it also type section 34 of code on wages 2019. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 34 of the Code on Wages, and has it changed?
Its own text turns on section 35 (Calculation of direct tax payable by employer), Income-tax Act 32 (Depreciation), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 34 of the Code on Wages enacted?
Section 34 of the Code on Wages, cited as Code on Wages 2019 34, was enacted on 08 Aug 2019 as Act 29 of 2019. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1802 words
- 67. Power of appropriate Government to make rules1008 words
- 18. Deductions which may be made from wages883 words
- 26. Eligibility for bonus, etc843 words
- 42. Central Advisory Board and State Advisory Boards663 words
- 51. Appointment of Inspector-cum-Facilitators and their powers456 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.