Provision to take benefit for Standard Deduction in ITR 3

Is there is any provision to take benefit of Standard deduction (50000)  for Senior citizen in ITR 3, kindly share the Section. 

 

Regards

Bhupinder Singh

Replies (2)
Quick Summary
This discussion clarifies how senior citizens can claim the £50,000 standard deduction when filing their Income Tax Return (ITR) 3. The benefit is available under Section 16(ia) and should be claimed in Schedule S, specifically for salary or pension income.

For salary or pension
then sechdule S 

SECTION 16 (ia)

You can claim under section 16

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details