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Standard deduction Rs.40000/-
Pls explain if LTA and medical not not decduct by employer can I claim standard deduction rs.40000/-
Replies (7)
Yes, you can.
Yes. Now you can claim only standard deduction of Rs.40000/-
can A person take standard deduction and exemption on rem. of medical and conveyance allowance both deduction and exemption together?
No. Exemption on medical reimbursement upto Rs.15000/- and conveyance allowance of Rs.19200/- has been replaced with standard deduction of Rs.40000/-. w.e.f. 01/04/2018.
it is FLAT DEDUCTION OF RS. 40,000 /- irrespective of actual received or not
a senior citizen who received pension can take standard deduction rs. 40000/- or not
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a senior citizen who received pension can take standard deduction rs. 40000/- or not YES Eligible from AY 2019-20. |
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