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Can I know about Standard Detection?

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1 Points Posted on 11 April 2020
l can see some where about Standard Detection 50,000/- in ITR detection can I know what is Standard Detection? and why they detect this amount?
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On 11 April 2020 at 11:24 Report
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Chartered Accountant
12739 Points Posted on 11 April 2020

Standard Deduction is FLAT deduction to salaried person of Rs. 50,000 irrespective of other amount actually incurred on  transport allowance and reimbursement of miscellaneous medical expenses.

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On 11 April 2020 at 11:40
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Job
15 Points Posted on 11 April 2020
Unlike PGBP, Salaried employee has so other deductions, other than exemptions. To facilitate them, standard deduction of RS. 50,000 is provided to them. This includes all reimbursements, kinds of medical, transport..
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On 11 April 2020 at 11:57
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Profession Business
28207 Points Posted on 11 April 2020
Sec 16 (1) specifies that salary paid to salaried persons is subject to deduction of Rs.50000.
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On 11 April 2020 at 14:02


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