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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Itr 1 standard deduction
Replies (4)
no you can't avail two times deduction
NO you can't
The deduction is a aggregate limit of ₹ 40000
standard deduction as the name indicates fixed at 40000 irrespective of number of employers
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