Applicability of standard deduction in fy 2018 - 19

Durga Vanisri Dupukuntla (Employee) (45 Points)

29 May 2018  

Respected members,

I would like to know whether a person drawing consolidated salary per month is eligible for Standard Deduction of Rs.40,000/- in FY 2018 - 19..

Also, I wish to know the breakup of 4% Health and Education Cess.

Thank you

Vanisri