Standard deduction under salaries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2018
Whether standard deduction of Rs. 40000/- is allowed to employees having conveyance allowance and medical allowance or it is admissible to all employees whether having such allowances as part of their salary or not.
06 August 2018
From AY 2019-20 Standard Deduction of Rs. 40,000/- is allowed for all employees irrespective of whether allowances form part of their salary or not.
06 August 2018
For AY 2019-20 you can claim maximum deduction Rs.40000/- no separate deduction is available for conveyance or Medical.
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