Standard deduction for ay 2019-20
This query is : Resolved
19 July 2019
Dear Sir,
I have received Rs. 2,40,000/- for 2 months from employer thereafter I retired. Now, my question is that whether can I claim standard deduction of Rs.40000/- or Rs. 6666/- only for 2 months proporationatly.
Dear Sir,
I have received Rs. 2,40,000/- for 2 months from employer thereafter I retired. Now, my question is that whether can I claim standard deduction of Rs.40000/- or Rs. 6666/- only for 2 months proporationatly.
19 July 2019
You can claim standard deduction of Rs.40000/-
Message likes :
1 times
20 July 2019
Standard deduction refers to a straight reduction of salary income up to Rs.40,000/-. [Section 16(i)(ia)]
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SALE BILL AGAINST GOODS RETURN
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
