Standard deduction

Is standard deduction 40000 applicable in financial year 2019-20
Replies (2)
Quick Summary
This discussion clarifies the standard deduction amount for the financial year 2019-20. It confirms that the standard deduction is indeed applicable for FY 19-20 and has been increased to £50,000.

No standard deduction is increased to 50000
Yes... Standard deduction is applicable for the FY 19-20 Rs 50,000/-

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