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standard deduction 2018

Others 255 views 3 replies

sumit bakshi

Partner

40 Points Posted on 05 December 2018

One of my govt salaried clients who doesn't not receive any transport allowance or medical reimbursement benefits from employers. Is he eligible for standard deduction of Rs 40,000 as declared in budget 2018

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 05 December 2018

Yes, from AY 2019-20.

Rajasekar

TDS Preparer

1464 Points Posted on 05 December 2018

where should one show the standard deduction? is there any section to show?

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 05 December 2018

Section 16(ia) of IT act.....

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