Standard deduction when income is Pension + Income from business/profession (under new tax regime)
This query is : Resolved
17 July 2023
Dear Sir/Madam,
Please let me know whether standard deduction of Rs.50,000/- is available under the following circumstances:
(1) The individual is having pension income as well as income from business/profession/consultancy
(2) He/She is opting for new tax regime (FY 2022-23).
Thanks and regards.
Please let me know whether standard deduction of Rs.50,000/- is available under the following circumstances:
(1) The individual is having pension income as well as income from business/profession/consultancy
(2) He/She is opting for new tax regime (FY 2022-23).
Thanks and regards.
17 July 2023
For AY 2023-24 (FY 2022-23) under new tax regime, standard deduction of Rs. 50,000/- is not available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- Residential status for filling income tax returns in India
- GST Annual Returns filing due date
- Payable outstanding for years disallowance
- 2B certain data not come 3B & IMS
- Strategic Performance Management and Business Valuation
- PAYMENT NOT SEND IN 180 DAYS
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
