Standard deduction
divy harika manepalli (31 Points)
28 June 2019
Can standard deduction of RS 40000 can be claimed in ay 2019 -20 and is there any salary limit to claim such exemption
2 Replies
Monika Arora
(learner)
(347 Points)
Replied 28 June 2019
No restriction for standard deduction over salary, or its limit. Standard deduction capped at salary received or rs.40,000/-; whichever more.
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 28 June 2019
No u can claim standard deduction....it is not depends upon ur salary limit😊
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