Standard deduction u/s 16(ia)
This query is : Resolved
Krishna Joshi
(Querist)
26 June 2019
If a person got salary for few month about 50000 rs and withdraw the EPF amount premature ,
then in this case he/she can able to get standard deduction of rs 40000 in Ay 19-20.
please guide me
then in this case he/she can able to get standard deduction of rs 40000 in Ay 19-20.
please guide me
Guest
Guest
(Expert)
26 June 2019
Yes, maximum 40,000 deduction is available irrespective of this scenario.
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