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Standard Deduction of 40,000/-
If a person earn salary for only 3 months in a year, will he get the total amount of INR 40,000/- as standard deduction or will it be curtailed on pro rata basis for A.Y. 2019-20 onwards.
Replies (2)
you can claim 40,000 deduction,
you can claim 40000 or salary amount which ever less as deduction under 16(i)
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