40000 are applicable in 2018-19 a-y?
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Standard diduction
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No,Standard Deduction applicable of A.Y 2019-20
Standard deduction applicable from AY 19-20 (FY 18-19).
standard deduction can be claimed of amount 40000INR with effect from A.Y. 2019-20 u/s 16
the standard deduction of 40k is applicable for the assessment of income tax for the Py 2018-19...
note SD INCREASED BY 25 % THIS YEAR
note SD INCREASED BY 25 % THIS YEAR
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