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Itr 1 standard deduction

ITR 295 views 4 replies
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AM
21 Points Joined June 2019

 

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?

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On 22 July 2019 at 11:32 Report
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Assistant Manager
224 Points Joined July 2019
no you can't avail two times deduction
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On 22 July 2019 at 11:41
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soical work
222 Points Joined January 2012
NO you can't
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On 22 July 2019 at 11:59
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35 Points Joined January 2018
The deduction is a aggregate limit of ₹ 40000
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On 22 July 2019 at 12:06
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12244 Points Joined May 2017
standard deduction as the name indicates fixed at 40000 irrespective of number of employers
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On 22 July 2019 at 13:08

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