Standard deduction


Retired bank officer

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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KVO Merau Kutchh

Yes.


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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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