New Tax Regime
This query is : Resolved
Quick Summary
MAKARAND DAMLE
(Querist)
13 March 2021
Under new tax regime for individuals whether standard deduction u/s 16(ia) for Rs.50,000/- and Professional Tax u/s 16(iii)
are available ?
are available ?
CMA Poornima Madhava
(Expert)
13 March 2021
No, I don't think such deductions are allowable
CA Gunjan Agarwal
(Expert)
15 March 2021
Standard deduction & professional tax deduction is not allowed in new regime.
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