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Standard deduction

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(Querist)
21 May 2019 Respected Sir, Whether there is some fixed Standard Deduction on gross income form salary and as under what section ? Hope u will please guide me and oblige.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 May 2019 Rs.40,000/- or the amount of salary whichever is less is the standard deduction
u/s 16(ia).

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