Family pension - standard deduction under section 57(iia)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2014
The limits specified in the section are:
15000
OR
33.33%,
whichever is lower.
The above limits are per annum or per month ?
Example:
Family pension - Rs. 500000
How much Standard Deduction allowed ?
15000
OR
33.33%,
whichever is lower.
The above limits are per annum or per month ?
Example:
Family pension - Rs. 500000
How much Standard Deduction allowed ?
23 January 2014
the above limit is annual only...
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