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Standard deduction

Others 278 views 3 replies

Hi,

 

I am having an query related to standard deduction component. I changed my organization in the middle of last year and in my new organization I provided all the CTC breakup of the previous organization. But I can see a standard deduction component in both organization's Form-16. 

 

I think there is a cap SD limit of 40K p.a. Could you someone correct me if I am wrong. 

or may there is a provision to claim multiple SD's if you make a switch. 

 

Replies (3)

You are right Standard Deduction can be claimed of Rs 40,000 per annum from total salary (whether from one employer or more than one employer).

Great Thanks..
Maximum SD is 40000 from income under salary head


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