Standard deduction u/s16

SELVA (Tax Consultant) (136 Points)

10 July 2020

Will the standard deduction u/s 16 (Rs.50,000) be deducted from salary is compulsory or optional? If his/her salary is below basic exemption limit.

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V. NAVEEN KUMAR SICASA (192 Points)
Replied 11 July 2020

Under 16(ia):standard definition - eligible amount of deduction is lower of 50,000 or taxable salary income.

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SELVA (Tax Consultant) (136 Points)
Replied 11 July 2020

Thank u for ur answer sir. But my doubt is "Should that amount be deducted from the salary is compulsory or his / her optional?"

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Vijay Prakash (155 Points)
Replied 11 July 2020

It is compulsary.

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SELVA (Tax Consultant) (136 Points)
Replied 11 July 2020

Thank u vijay sir & naveen sir

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