Standard deduction u/s 16(ia)

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..... (ia) states that a tax payer having income chargeable under the head 'Salaries' shall be allowed a deduction of ₹ 50,000 or the amount of salary, whichever is less, for computing his tot .....

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..... y income, they are eligible for standard deduction If tax is payable under the Old Regime , the standard deduction would be ₹50,000. If tax is payable under the New regime then standard deductio .....

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