Standard deduction
This query is : Resolved
19 January 2019
In last budget standard deduction of 40k introduced in lieu of transport allownace and medical allowance. I am handicap person. Previously transport allownce @3200 pm was exempted. Please clarify that after introduction of standard deduction shall i be able to avail the trnsport allownce exemption now also in addition to standard deduction. Please give me copy of relevant order also. Thanks
19 January 2019
Dear Vikas,
This should help you : https://www.taxmann.com/blogpost/2000000361/transport-allowance-of-rs-1600-per-month-is-withdrawn.aspx
This should help you : https://www.taxmann.com/blogpost/2000000361/transport-allowance-of-rs-1600-per-month-is-withdrawn.aspx
19 January 2019
also, if you refer the amended Rule 2BB, you will find that entry 10 has been deleted. However, entry 11 applicable for handicapped tax payers has not been deleted
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