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Salary from Two Employer
Dear Experts, One of my friend doing service as full time and Part time basis, and from both Employer he gets salary through banking mode. can he show salary from two employer in ITR 3 , as he have some professional income. Is he eligible for double Standard Deduction as he works under two different employer. plz advice
Replies (4)
Quick Summary
He can use ITR 3 as he has salary from 2 employers and professional income as well. Standard deduction will be eligible only once.
File ITR 2 and standard deduction can be claimed only from one employer
Since the assessee has professional income, ITR3 has to be filed along with Balance Sheet and Profit and Loss Statement.
Standard deduction is flat deduction to Individual earning salary / pension income. It is individual specific and no per employer. Hence would be deducted only once on combined total income from salary of both employers.
Standard deduction is flat deduction to Individual earning salary / pension income. It is individual specific and no per employer. Hence would be deducted only once on combined total income from salary of both employers.
Yes I think ITR 3 can also be filed
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