standard deduction

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students
21 Points Joined March 2016
What's meant standard deduction for
Salaried persons?
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On 04 February 2018 at 13:52 Report
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9 Points Joined April 2017
It is deduction which do not require any proof or details.
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On 04 February 2018 at 16:20
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Student - CA Final
285 Points Joined October 2015
Standard deduction is the deduction which is allowed under section 16(ia) of IT act, which is newly inserted by finance act 18, in which RS.40,000 or salary whichever is lower, is allowed as a deduction from your salary income.
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On 04 February 2018 at 19:32


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