ICICI

Standard deduction


kewal krishan kapoor (Retired bank officer)     07 February 2019

kewal krishan kapoor
Retired bank officer 
 32 points

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I am a retired bank officer, a senior citizen, and a pensioner.  Is the standard deduction of Rs.40,000 which was introduced last year and now raised to Rs.50,000 applicable to me too.

 

Please guide.

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Dhirajlal Rambhia (KVO Merau Kutchh)     07 February 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 8999 likes  91862 points

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Yes.

1 Like
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Giridhar S Karandikar (Team Lead)     07 February 2019

Giridhar S Karandikar
Team Lead 
 711 likes  6911 points

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https://www.ndtv.com/business/income-tax-pensioners-are-eligible-for-standard-deduction-up-to-rs-40-000-budget-2018-1833379

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