Reg standard deduction for retired employee
This query is : Resolved
03 September 2020
Sir, I am a retired central government employee who superannuated in June 2019.I had received 4 months salary. In my Form 16 from my office they are showing Rs 50000 as standard deduction under 16(ia).
I would like to know can I claim the standard deduction of 50000 under 80TTB and Rs 10000 under 80TTA both along with standard deduction under 16(ia) i.e Total Rs 1,00,000 while filing IT returns for the AY 2019-20.
can you please clarify.
Thanks and regards,
I would like to know can I claim the standard deduction of 50000 under 80TTB and Rs 10000 under 80TTA both along with standard deduction under 16(ia) i.e Total Rs 1,00,000 while filing IT returns for the AY 2019-20.
can you please clarify.
Thanks and regards,
CA R SEETHARAMAN
(Expert)
03 September 2020
Only 80TTB along with standard deduction under 16(ia) can be claimed.
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