Salary standard deduction
This query is : Resolved
Lokesh Jain
(Querist)
28 May 2019
If a employee has worked for 8 months.
Whether the standard deduction of Rs. 40000/- will be on prorata basis or fixed 40000/- can be claimed.
Whether the standard deduction of Rs. 40000/- will be on prorata basis or fixed 40000/- can be claimed.
CA Rashmi Gandhi
(Expert)
28 May 2019
standard deduction is fixed irrespective of the month employed. So you can claim flat Rs.40000/- irrespective of the month worked.
29 May 2019
It is fully allowed irrespective of months.
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