Suresh Thiyagarajan (Student) 02 July 2019
1. No, it cannot be claimed. The Standard deduction of Rs.40,000 (FY 2018-19) was substituted in place of conveyance allowance and medical reimbursement expenses to a salaried employee.
2. An assessee who is handicapped can only claim Standard deduction and conveyance allowance.
Please correct me if the above solution has an alternative view.
fijo francis (article assistent) 02 July 2019
In a recent clarification issued by the income tax department, if a taxpayer has received a pension from the former employer, it is taxable under the head ‘Salaries’. Therefore, the taxpayer can claim a standard deduction of Rs. 40,000* or the amount of pension, whichever is less.