Query regarding Standard Deduction

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Account Assistant
90 Points Posted on 11 November 2021
can an individual avail standard Deduction from two or more numbers of employers in a particular financial year?
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On 11 November 2021 at 01:31 Report
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This discussion clarifies whether an individual can claim the standard deduction from more than one employer in a single financial year. The consensus is that the standard deduction, capped at Rs 50,000, can only be claimed once, based on the cumulative salary received.

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Chartered Accountant
24588 Points Posted on 11 November 2021
Only upto 50000 rupees
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On 11 November 2021 at 05:55
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ca
603 Points Posted on 11 November 2021
No. it can be only availed once on cumulative amount of salary upto 50000 INR
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On 11 November 2021 at 13:52
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Chartered Accountant
24588 Points Posted on 11 November 2021
Agreef
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On 11 November 2021 at 14:51

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