about salary deduction

15 February 2019

how we deduct standard deduction from salary?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178099 Points)
Replied 15 February 2019

Simply reduce it from gross salary. if salary is 10 lakhs. Net salary after SD is 9.60 lakhs.

Sahil Panwar (17 Points)
Replied 15 February 2019

standard deduction of Rs 40,000/- from AY 2019-20 under the head income from Salary

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Aman Kumar (Accounts Executive) (744 Points)
Replied 15 February 2019

Yes,Standard Deduction is deduct from Gross salary,Standard deduction 40,000/-

manoj (student) (5205 Points)
Replied 15 February 2019

standard deduction is 40,000 or income from salary whichever is low

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