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?
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?