Standard deduction
Bhola Nath Roy (21 Points)
27 August 2019
Can a Private firm employee will get the benefit of standard dedication of Rs. 40000 for the Ay 19-20?
2 Replies
karan
(student)
(54 Points)
Replied 27 August 2019
yes,
when you will fill ITR-1, after entering the amount in Salary field, automatic deduction of ₹40000 will be applied
when you will fill ITR-1, after entering the amount in Salary field, automatic deduction of ₹40000 will be applied
Shivam RC
(Student)
(23683 Points)
Replied 28 August 2019
Yes he will get the benefit of Standard Deduction of Rs. 40,000 u/s 16(i)(a).
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