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Standard deduction under salaries

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Querist : Anonymous

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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.
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CA Ankit R Momaya

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CA Ankit R Momaya (Expert)
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.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
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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