is standard deduction available for specified employee?
Menu
Head salary
Replies (7)
Standard deduction available to Salary Income...
So, If earn income from salary then Assessee can claim "Standard Deduction".
So, If earn income from salary then Assessee can claim "Standard Deduction".
irrespective of specified employee or non specified employee?
Yes... Claim the benefit both employees.
Whether standard deduction shall be allowable proportionately as per number of months worked with multiple employers in a year ????? whether standard deduction shall be on a pro-rata basis of number of months of employment. ??????
Read below section again, you will not raise these academic questions.
The income chargeable under the head "Salaries" shall be computed after making the following deductions, namely :—
[ia] a deduction of forty thousand rupees or the amount of the salary, whichever is less;
The income chargeable under the head "Salaries" shall be computed after making the following deductions, namely :—
[ia] a deduction of forty thousand rupees or the amount of the salary, whichever is less;
If salary is from pension?
Read sec. 17(1), where salary means Pension.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
