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Standard deduction
In last budget standard deduction of 40k introduced in lieu of transport allownace and medical allowance. I am handicap person. Previously transport allownce @ 3200 pm was exempted. Please clarify that after introduction of standard deduction shall i be able to avail the trnsport allownce exemption now also in addition to standard deduction. Please give me copy of relevant order also. Thanks
Replies (2)
No Vikas you wont be allowed to claim exemption of transport allowance. Only standard deduction is allowed to all salaried employees
With effective from FY 2018-19, a standard deduction of Rs 40,000 in lieu of travel and medical allowances has been proposed for salaried employees and pensioners.
However, the transport allowance at enhanced rate (i.e., Rs 3,200 pm) shall continue to be available to differently-abled persons. Also, other medical reimbursement benefits in case of hospitalization etc., for all employees shall continue.
However, the transport allowance at enhanced rate (i.e., Rs 3,200 pm) shall continue to be available to differently-abled persons. Also, other medical reimbursement benefits in case of hospitalization etc., for all employees shall continue.
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