Hi Team,
Can you please advise if a person income is 1160500, is he applicable for Standard Deduction of Rs 200000/-
Also if you can check below and advise if it is correct or not...
| Gross Salary | 1160452 |
| HRA | 138096 |
| 1022356 | |
| Others | 15600 |
| 1006756 | |
| Loan Amt | 147394 |
| 859362 | |
| Income from Other Sources i.e Int on Sav. a/c | 2000 |
| 861362 | |
| u/s 80 C | 100000 |
| 761362 | |
| u/s 80 TTA (Int of Sav) Exempt upto 10000 | 2000 |
| 759362 | |
| Standard Deduction | 200000 |
| Final Taxable Amt | 559362 |
CAclubindia
