Standard deduction in IT for senior citizen AY 2020-21

12 August 2020

I may please be advised as to how much is the standard deduction applicable to

Senior citizen with income from pension for the AY 2020-21

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4 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 12 August 2020

Standard deduction of Rs. 50,000 is applicable to all including senior citizens from income under head salary.

SADASIVAN THEKKEY VEETIL (Retired) (114 Points)
Replied 12 August 2020

Thanks a lot for the reply. god bless.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 12 August 2020

You're most welcome....☺️

Vijayalakshmi Tummapudi (18 Points)
Replied 31 December 2021

Is this deduction applicable for family pension also?

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