Standard deduction u/s 16i(a)
This query is : Resolved
Pooja Jakharia
(Querist)
03 January 2019
If suppose there are 40 employees in an organisation then can an employer choose different deductions for all employees......like for one standard deduction of Rs 40000/- and for another transport allowance and medlicalim and not of Rs 40000/-
CA ANUBHAV
(Expert)
03 January 2019
Now standard deduction u/s 16(ia) will be available for Rs. 40,000/- to every employee and its not at the discretion of employer.. Transport allowance of Rs. 19600/- and medical reimbursement of Rs. 15000/- has been totally abolished by ministry for deduction purpose...
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