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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Salary Income |
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Is standard deduction applicable to family pensioners? |
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Ans. Section 16(ia) has been introduced by Finance Act, 2018 for class of person whose income is chargeable to tax under head salary. Family Pension is taxable under the head income from other sources. Hence standard deduction is not applicable in case of Family Pension. |
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