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Standard deduction in IT for senior citizen AY 2020-21

Tax queries 315 views 4 replies
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Retired
114 Points Posted on 12 August 2020

I may please be advised as to how much is the standard deduction applicable to

Senior citizen with income from pension for the AY 2020-21

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On 12 August 2020 at 11:25 Report
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Tax and Business Consultant
11616 Points Posted on 12 August 2020
Standard deduction of Rs. 50,000 is applicable to all including senior citizens from income under head salary.
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On 12 August 2020 at 11:37
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114 Points Posted on 12 August 2020

Thanks a lot for the reply. god bless.

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On 12 August 2020 at 11:48
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Tax and Business Consultant
11616 Points Posted on 12 August 2020
You're most welcome....☺️
66 Reply
On 12 August 2020 at 11:54
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18 Points Posted on 31 December 2021
Is this deduction applicable for family pension also?
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On 31 December 2021 at 15:59


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