is standard deduction of 40000 allowable to pensioners ?
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Standard deduction of 40000 allowable to pensioners
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Standard Deductions Rs.40000/- for FY 2018-19 is allowed for all persons(salary/Senior citizens/Super senior citizens)
Yes, it can be deducted from pension income.
pensioners also allowed.
All types of employees are eligible for deduction of 40,000
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