STANDARD DETUCTION OF 40000 FOR AY 2019-20
trideep (ca) (218 Points)
24 September 2018trideep (ca) (218 Points)
24 September 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 24 September 2018
"weather i should take it on 80C like (150000+40000=190000)"
NO
"or before 80C like gross salary - 40000."
Correct......
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 24 September 2018
Standard deduction of 40,000 will be available under section 16(i)(a)