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40000standard deduction

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144 Points Posted on 01 January 2019
is standard deduction of rs 40000 from pension only available to employee or retired person can deduct
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On 01 January 2019 at 11:35 Report
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fresher
595 Points Posted on 01 January 2019
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
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On 01 January 2019 at 11:59
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Nil
2791 Points Posted on 01 January 2019

Individuals having salary income can be claim standard deduction upto 40,000

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On 01 January 2019 at 12:09
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fresher
595 Points Posted on 01 January 2019
sir/mam pensioners can also claim such deduction. plz check
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On 01 January 2019 at 12:10
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181 Points Posted on 01 January 2019
yes employee and pensioners both are eligible.
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On 01 January 2019 at 13:43
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2 Points Posted on 01 January 2019

Yes definitely you can avail.

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On 01 January 2019 at 13:48


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