is standard deduction of 40000 allowable to pensioners ?
Menu
Standard deduction of 40000 allowable to pensioners
Replies (4)
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
Recent Threads
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
Related Threads
CAclubindia
