If I'm not mistaken, standard deduction cannot be applied for health insurance, rather it is against the medical reimbursement that you get from your employer. Health insurance is under 80D. ----- Original Message ----- From: Vedprakash Sharma To: 'AccessIndia: a list for discussing accessibility and issues concerning the disabled.' Sent: Saturday, April 20, 2019 6:09 PM Subject: Re: [AI] INCOME TAX STANDARD DEDUCTION FROM A.Y. 2019-20
Standard deduction is a kind of compensation towards health facilities and transport allowance facilities etc. which previously were deductible under different sections. From this year onwards, a standard deduction of 40000 is introduced irrespective of whatever the health insurance/travel allowance may be. So you enjoy a deduction of rs40000 irrespective of whatever your T A or health insurance scheme etc. -----Original Message----- From: AccessIndia [mailto:[email protected]] On Behalf Of bhawani shankar verma Sent: Saturday, April 20, 2019 11:03 AM To: access <[email protected]> Subject: [AI] INCOME TAX STANDARD DEDUCTION FROM A.Y. 2019-20 hello accessindia! A standard deduction sum of rs.40000/- has been provided since a.y. 2019-20. my question is: what figure I may put on standard deduction colomn of my ITR1 rs.40000/- or rs.8000/- which I received for medical aid reimbursement from my bank? I only receive transport allowance for handicapped, not general conveyance allowance. Please give specific reply to my query. don't turn it towards accessibility, captcha or other issues. Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
