Dear professionals,
I had a little confusion regarding if standard deduction is applicable in new tax regime or not ? kindly reply as your convenience
thank you
Menu
STANDARD DEDUCTION ON SALARY IN NEW TAX REGIME
Replies (5)
Yes sec 115 bac
Yes it's available.
According to the following website, standard deduction is not available in case of the new tax regime.
https://cleartax.in/s/standard-deduction-salary
As per section 115BAC (2)(i) of the Income tax act standard deduction not available, please refer section 115 BAC of the Income tax act.
Only available in house property...
Recent Threads
- Computerization of Form 121 (Earlier 15G/H)
- New Traces 2.0 issues
- Form 157 declaration while travelling abroad
- TDS DECLARATION
- Why should I study Income Tax Act, 1961 for my CA
- FORM 121 FILLING FOR DECEASED PERSON
- Pvt Ltd company director salary tds rate and sec.
- What are the best tools for mobile accessibility t
- APPLIED NEW TAN NO BUT SUB CATEGORY GOES WORNG AS
- In gst Returns dashboard not properly working
Related Threads
CAclubindia
