Categories
Pagination Scroll
Devendra Kumar Chauhan

Standard deduction of 40000 u/s 16(ii)...
pl clarify standard deductions
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
This is available for FY 2018 19 , salaried class people will now get standard deduction (Under section 16 for Rs 40,000/- which will replace the conveyance allowance(19200 rs) and the medical reimbursement(15000 Rs) ...no documentation etc proof needs to be submitted ...
  • August 4, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Ravi

Deduction U/s 16...
Hi Amlan,
My form 16 section 2 has sum of all exemptions (HRA, Transport and payment towards medical). So can I consider all 3 and mention as exemption or I just have to include only Transport allowance which is 19200. Please clarify. I've watched your video https://www.youtube.com/watch?v=S6OSkplYm...
  • Show Placeholder
  • Hide Discussion