Pensioners also eligible to standard deduction under amended section 16 of the Income Tax Act, 1961
April 5, 2018
Income Tax
Pensioners also eligible to standard deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16 of the Income Tax Act Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 5th April, 2018 PRESS RELEASE Clarification regarding …