Salary standard deduction

don't know exactly.. u may ask in expert forum...

but it is abolished at least since Assessment year 2008-09

Originally posted by : Rajesh
	in which assessment year Standard deduction on salary withdral and interest on bank intt includ in taxable income

Standard deduction was abolished long ago. May be before A.Y. 2007-08, not sure

Interest on bank savings account is always taxable
 

Dear Rajesh,

Standard Decution U/s 16(1) of the IT Act was last available till AY 2005-06.

Deduction for Interest in respect of certain securities was last available till AY 2005-06.

Regards

Rakesh