Accountancy, asked by harshwaghela08, 5 months ago

maximum standard deduction under salaries is​

Answers

Answered by friends73
1

Standard Deduction from Salary: Standard Deduction of Rs. 40,000 is allowed from Salary Income for FY 2018-19. This limit has been increased to Rs. 50,000 from FY 2019-20.

Answered by llMrSharmall
51

Considering that standard deduction will be introduced in lieu of transport allowance and medical reimbursements, the net increase in deduction shall be a maximum of Rs. 5,800.

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