In which section we can claim standard deduction?
And even if in form 16 transport allowance not exempt than we can claim for deduction or not???
In which concern we can claim standard deduction?
please suggest.......
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standard deduction
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STANDARD DEDUCTION OF 40 K INCREASED TO 50 K w.r.t. medical & transportation allowances
section 16(ia) of income tax act
form 16 is not a valid form because this is generated by private software
there for you can claim standard deduction of without any proof
40 k standard deduction is FLAT DEDUCTION
Agreed with Sanjiv it shall be claimed u/s 16(ia)
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