Standard deduction

  • Income Tax

Pensioners also eligible to standard deduction under amended section 16 of the Income Tax Act, 1961

Pensioners also eligible to standard deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16…

6 years ago
  • Income Tax

Standard deduction of Rs. 40000/- for salaried employees for the AY 2019-20 reintroduced

Standard deduction of Rs. 40000/- for salaried employees for the AY 2019-20 is reintroduced in the Budget 2018-19 Proposals presented…

6 years ago