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Head salary

Manish (Student) (190 Points)

09 June 2019

is standard deduction available for specified employee?

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 09 June 2019

Standard deduction available to Salary Income...

So, If earn income from salary then Assessee can claim "Standard Deduction".

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Manish (Student) (190 Points)
Replied 09 June 2019

irrespective of specified employee or non specified employee?

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 09 June 2019

Yes... Claim the benefit both employees.

CA Raj Doshi (Practising CA) (8898 Points)
Replied 09 June 2019

Whether standard deduction shall be allowable proportionately as per number of months worked with multiple employers in a year ????? whether standard deduction shall be on a pro-rata basis of number of months of employment. ??????

Rahul Falodiya (16 Points)
Replied 09 June 2019

Read below section again, you will not raise these academic questions.

The income chargeable under the head "Salaries" shall be computed after making the following deductions, namely :—

[ia] a deduction of forty thousand rupees or the amount of the salary, whichever is less;