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40000standard deduction
is standard deduction of rs 40000 from pension only available to employee or retired person can deduct
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any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000 or the amount of pension, whichever is less, under Section 16 of the (I-T) Act
Individuals having salary income can be claim standard deduction upto 40,000
sir/mam pensioners can also claim such deduction. plz check
yes employee and pensioners both are eligible.
Yes definitely you can avail.
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