Standard Deduction u/s 16(ia)
HITESH CHAUHAN (37 Points)
18 June 2019In this case, whether the amount of standard deduction is allowed cumulatively @ 40000/- on both pension+salary I.e. {(pension+salary)-40000} or he is eligible for standard deduction separately from pension and salary I.e. {(Pension-40000)+(salary-40000)}. Please clarify?