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Standard deduction of 40000 allowable to pensioners

Tax queries 302 views 4 replies
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e-TDS + IT return filer Hyderabad
731 Points Posted on 30 March 2019

is  standard deduction of 40000 allowable to pensioners ?

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On 30 March 2019 at 08:36 Report
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160 Points Posted on 30 March 2019
Standard Deductions Rs.40000/- for FY 2018-19 is allowed for all persons(salary/Senior citizens/Super senior citizens)
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On 30 March 2019 at 08:59
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owner
311 Points Posted on 30 March 2019

Yes, it can be deducted from pension income.

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On 30 March 2019 at 09:06
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160 Points Posted on 30 March 2019
pensioners also allowed.
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On 30 March 2019 at 09:06
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Student
1628 Points Posted on 30 March 2019
All types of employees are eligible for deduction of 40,000
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On 30 March 2019 at 09:48


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