Interpretation of finance act 2019

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Article assistant
41 Points Joined November 2016
Finance act 2019 amended standard deduction for salaried employees to 50k. However it also says w.e.f 1st day of April 2020. various articles are showing applicable from fy 19-20. So, for fy 19-20 is std dedn is 40k or 50k
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On 27 August 2020 at 15:39 Report
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Chartered Accountant
4524 Points Joined July 2014
Standard deduction for F/Y 2019-20 is 50000/-
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On 27 August 2020 at 15:56
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Article assistant
41 Points Joined November 2016
Act shows effective date 1.04.2020
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On 27 August 2020 at 15:59
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Chartered Accountant
4524 Points Joined July 2014
Finance act 2019 amendments is applicable for AY 2020-21 or Fy 2019-20
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On 27 August 2020 at 18:56


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