What is the meaning of Standard deduction for salaried tax payer??
and how can we claim in return?
please suggest.....
Std. deduction means no need for any proof for this deduction and it available to all salaried person without considering salary amount
for a person having salary of 3,00,000 his salary after std deduction will be 260000
standard deduction of Rs 50000 for 19,200 as transport allowance and Rs 15,000 as medical reimbursement, which employees
without any proof u can claim deduction.
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