is standard deduction of 40000 allowable to pensioners ?
Standard deduction of 40000 allowable to pensioners
bujjulu (e-TDS + IT return filer Hyderabad) (731 Points)
30 March 2019
4 Replies
Sethu Raman
(160 Points)
Replied 30 March 2019
Standard Deductions Rs.40000/- for FY 2018-19 is allowed for all persons(salary/Senior citizens/Super senior citizens)
Kamini Sheth
(owner)
(311 Points)
Replied 30 March 2019
Yes, it can be deducted from pension income.
Radhey Shyam Jha
(Student)
(1616 Points)
Replied 30 March 2019
All types of employees are eligible for deduction of 40,000
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