03 January 2019
If suppose there are 40 employees in an organisation then can an employer choose different deductions for all employees......like for one standard deduction of Rs 40000/- and for another transport allowance and medlicalim and not of Rs 40000/-
03 January 2019
Now standard deduction u/s 16(ia) will be available for Rs. 40,000/- to every employee and its not at the discretion of employer.. Transport allowance of Rs. 19600/- and medical reimbursement of Rs. 15000/- has been totally abolished by ministry for deduction purpose...
CAclubindia
