15 January 2019
Standard Deduction is Amount to be Deducted From Gross Salary For Arriving at Net taxable Salary. in Form 16 After Gross Salary Computation Deduction u/s 16 of Rs:-40,000/- is to be given to employees
for Referring example click on below Link https://economictimes.indiatimes.com/img/62914496/Master.jpg