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Standard deduction u/s16

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Tax Consultant
136 Points Posted on 10 July 2020
Will the standard deduction u/s 16 (Rs.50,000) be deducted from salary is compulsory or optional? If his/her salary is below basic exemption limit.
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On 10 July 2020 at 23:15 Report
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193 Points Posted on 11 July 2020
Under 16(ia):standard definition - eligible amount of deduction is lower of 50,000 or taxable salary income.
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On 11 July 2020 at 04:00
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Tax Consultant
136 Points Posted on 11 July 2020
Thank u for ur answer sir. But my doubt is "Should that amount be deducted from the salary is compulsory or his / her optional?"
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On 11 July 2020 at 08:58
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155 Points Posted on 11 July 2020
It is compulsary.
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On 11 July 2020 at 13:55
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Tax Consultant
136 Points Posted on 11 July 2020
Thank u vijay sir & naveen sir
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On 11 July 2020 at 16:46


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