Standard deduction for fy 2018-19

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 May 2018 Dear experts,

Please guide on standard deduction.
whether standard deduction rs.40000/- is applicable for fy 2018-19?
if applicable the should i deduct flat 40000/- from annual gross salary to calculate tax?

Please advice


03 May 2018 Yes standard deduction rs.40000/- is applicable for fy 2018-19 and deduct flat 40000/- from annual gross salary to calculate tax.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 May 2018 Many thanks R Seetharaman, so it clear that standard deduction will effect from FY 2018-19. Is Convey exemption & medical reimbursement will remove from same?

03 May 2018 Yes Convey exemption & medical reimbursement will remove from same



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details