ICICI

Itr 1 standard deduction


Ajay Gupta (AM )     22 July 2019

Ajay Gupta
AM  
 21 points

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If a person work in one financial year in two different company whether he can avail standard deduction of Rs 40000/- two time in a single return?

Shweta Gupta (Assistant Manager)     22 July 2019

Shweta Gupta
Assistant Manager 
 9 likes  209 points

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no you can't avail two times deduction

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khalid (soical work)     22 July 2019

khalid
soical work 
 10 likes  194 points

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NO you can't

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Siddharth Kagliwal   22 July 2019

Siddharth Kagliwal

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The deduction is a aggregate limit of ₹ 40000

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rama krishnan   22 July 2019

rama krishnan

 856 likes  9178 points

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standard deduction as the name indicates fixed at 40000 irrespective of number of employers


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