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Standard deduction

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(Querist)
15 December 2018 Hello Everyone,

My company offers me different types of allowances such as telephone, newspaper etc and thus FY has standard Deduction of 40k which includes transport and medical allowances so my question is am I still eligible for allowances which my company offers me.
Thanks in advance
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 December 2018 standard deduction is in lieu of transport and medical allowance only. other allowances are still allowed.
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Piyush

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Piyush (Querist)
16 December 2018 Thanks Nikhil for your response :-)
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 December 2018 you are welcome Piyush.

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