Can we claim standard deduction of 50000 each for both employer as assessee was working with two employers in the fy or its 50k only we can claim
Thanks
The standard deduction amount cannot exceed ₹50,000. Even if your salary is more than this amount, you can deduct only this sum under Section 16. Also, if your net salary is less than ₹50,000, you can deduct a sum equal to your salary, and not more.Hence, you can claim a standard deduction of ₹46,000 only.
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