40000 standard deduction
sajeer k (accounts officer) (177 Points)
27 February 2019
what is the income limit for claiming standard deduction 40000
9 Replies
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 27 February 2019
The standard deduction in the interim budget has been raised to rs 50000 from rs 40000.
There is no income limit for claiming the standard deduction of rs 40000.
shiv shankar rawat student CMA
(Manager)
(263 Points)
Replied 27 February 2019
in Fy 18-19, standard deduction to be consider only of Rs 40000
CA Inderjeet Sunda
(Chartered Accountant)
(355 Points)
Replied 27 February 2019
No Income Limit to Claim Standard Deduction
Manoj Kumar
(4 Points)
Replied 03 March 2019
if monthly salary is 26000 then what amount is deduct for standard deduction 26000 or 40000?
CA Inderjeet Sunda
(Chartered Accountant)
(355 Points)
Replied 03 March 2019
Standard Deduction of Rs. 40000 Annual Basis Not Monthly Basis.
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019
there is no such limit prescribed for claiming deduction
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