Standard deduction
This query is : Resolved
11 March 2009
Hello, I wanted to know how to calculate standard deduction in case you have two employers in the previous year
One paying 2,58,900 for april and may and from june to march the other employer paying 19,20,000 as net salary after deducting professional tax
Pls can you send me a working for the same and what is the limit for standard deduction? pls advise
Thanks & Regards
Meghna Mehta
One paying 2,58,900 for april and may and from june to march the other employer paying 19,20,000 as net salary after deducting professional tax
Pls can you send me a working for the same and what is the limit for standard deduction? pls advise
Thanks & Regards
Meghna Mehta
HUZAIFA HUSSAIN
(Expert)
12 March 2009
HI MEGHNA
STANDARD DEDUCTION FROM SALARY WAS AVAILABLE ONLY UPTO AY 2005-06. THEREAFTER NO STANDARD DEDUCTION IS THERE.
STANDARD DEDUCTION FROM SALARY WAS AVAILABLE ONLY UPTO AY 2005-06. THEREAFTER NO STANDARD DEDUCTION IS THERE.
12 March 2009
now standard deduction is not available.
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