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40000 standard deduction is applicable for whom plz reply

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27 Points Posted on 19 January 2019
40000 standard deduction
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On 19 January 2019 at 12:34 Report
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1020 Points Posted on 19 January 2019
deduction u/s16(ia) is applicable to all salaried employee
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On 19 January 2019 at 12:41
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27 Points Posted on 19 January 2019
it means we have to less 40000 from gross salary in favour of every employee
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On 19 January 2019 at 12:43
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1020 Points Posted on 19 January 2019
yes, you can deduct standard deduction of rs 40,000 or gross salary (which ever is less) from the gross salary
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On 19 January 2019 at 12:53


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