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Standard deduction

Tax planning 267 views 5 replies

Sir,

If a Person drawing salary and Pension for example a window employed in railways , will be getting both salary and Pension. whether she is eligible for Standard deduction on both salary and Pension.

Thanks

Replies (5)

Standard deduction is applicable for both salaried employees and pensioners.They are eligible to claim standard deduction of Rs.40,000.

Sir if same person drawing salary and pension whether standard deduction applicable for both salary and pension.
yes... she can claim but not separately 40000 for salary and 40000 for pension.
Thank you sir
Thank you Mr Ramakrishnan Sir


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