standard deduction
Tarun Kumar (114 Points)
07 January 2019
can pensioners eligible for standard deduction?
Tarun Kumar (114 Points)
07 January 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14568 Points)
Replied 07 January 2019
As per section 17 of the income tax 1961 pension qualify as salary and thus eligible for standard deductions up to 40000/- , ( finance act 2018) please confirm with other also.
manoj
(student)
(5205 Points)
Replied 07 January 2019
YES PENSIONERS ARE ELIGIBLE FOR STANDARD DEDUCTION
Damini Jaiswal
(400 Points)
Replied 08 January 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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