Deduction from salary



shall I claim standard deduction and conveyance allowance both from salary in F.Y. 2018-19
 
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Student CA

only standard deductn.......allowed
 
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standard deduction given against conveyance allowance and medical allowance only..so only standard deduction of RS.40000 only be claimed
 
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thank you very much for your valuable advice

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article assistent

can standard deduction eligible for pension ?
 
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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. 

 
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article assistent

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.
 
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