is standard deduction available for specified employee?
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Head salary
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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.
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