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Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2018 For FY 2018-19 there is standard deduction of Rs.40000/- but under which section this 40000/- to be take and also advice Rs. 2500/- towards PT deduction will be continue or what.
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ALKESH T MEHTA

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ALKESH T MEHTA (Expert)
14 June 2018 Under sec.16 of Income-tax Act,standard deduction is allowed under newly inserted clause (ia).PT deduction is allowed under sec.16(i)

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