Standard deduction
This query is : Resolved
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
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
16 December 2018
standard deduction is in lieu of transport and medical allowance only. other allowances are still allowed.
16 December 2018
you are welcome Piyush.
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