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Deductions and Allowances under the head 'Salary' for the Assessment Year 2018-19 & 2019-20

Section

Nature of Deduction

Who can Claim

UNDER THE HEAD ‘SALARIES”

16(ia)

Standard deduction (maximum Rs. 40,000) (applicable from the assessment year 2019-20)

Salaried employees

16(ii)

Entertainment allowance
[subject to maximum of Rs. 5,000]

Government employees

16(iii)

Tax on employment within the meaning of article 276(2) of the Constitution, leviable by or under any law

Salaried employees

 
 
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Taxation in Business & Profession [Section 28 to 44]
Taxation in Business & Profession [Section 28 to 44]

Computation of income under the head 'Profits and Gains of Business or Professions' [Section 28 to 44]

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Tax Computation with Assessment of Salaried Person, HUF, Individuals
Tax Computation with Assessment of Salaried Person, HUF, Individuals.

Computation of Income with Assessment Under the Head 'Salary', 'HUF', 'Individuals'.


Indivisuals
HUF
Salaried Person
 
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