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Standard deduction

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(Querist)
08 September 2020 Is the standard deduction flat of 50k for FY 2019-20 or since it is in lieu of transport and medical allowance,the standard deduction applicable will be restricted to totals of these 2 allowances.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 September 2020 Standard deduction flat of 50k for FY 2019-20 allowed.

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