01 April 2018
Need a clarification about FY 2018-19 taxation.
With the introduction of 40k standard deduction from 1st Apr, 18, is it allowed for individuals to get 40k deduction (medical reimbursement & conveyance allowance) + car fuel & maintenance reimbursement of either Rs. 21600 (if car CC is = 1600).
01 April 2018
In my opinion, standard deduction will stay separate from the amount reimbursed for car fuel and maintenance of the car used for official duties.
CAclubindia
