Standard deduction

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Meghna (Querist)
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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

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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12 March 2009 HI MEGHNA

STANDARD DEDUCTION FROM SALARY WAS AVAILABLE ONLY UPTO AY 2005-06. THEREAFTER NO STANDARD DEDUCTION IS THERE.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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12 March 2009 now standard deduction is not available.

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