I don't know why the column is editable, perhaps because it applies to
salaried persons only.
Anyway, you should write 40,000. Standard deduction is fixed. However, tax
exemption on medical reimbursement and conveyance allowance is no longer
available. Only the exemption on transport allowance for the handicapped u/s
10(14) will continue in addition to standard deeduction.
With best regards,
Amiyo Biswas
Cell: 9433464329 / 6290527506
----- Original Message -----
From: "bhawani shankar verma" <[email protected]>
To: "AccessIndia: a list for discussing accessibility and issues concerning
the disabled." <[email protected]>
Sent: Saturday, April 20, 2019 9:51 PM
Subject: Re: [AI] INCOME TAX STANDARD DEDUCTION FROM A.Y. 2019-20
yes it is for medical reimbursement, but what figure i put on this colomn.
the amount of medical reimbursement or 40000/-
----- Original Message -----
From: "Vikas Kapoor" <[email protected]>
To: "AccessIndia: a list for discussing accessibility and issues
concerning the disabled." <[email protected]>
Sent: Saturday, April 20, 2019 7:36 PM
Subject: Re: [AI] INCOME TAX STANDARD DEDUCTION FROM A.Y. 2019-20
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.
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