What is the Standard Deduction? With Automated Income Tax Software All in One for Only Private Employees for the A.Y. 2021-22

A standard deduction means a fixed rebate on a taxpayer’s income without the  prerequisite of a bill, confirmation or record of assistance. Each individual can  guarantee this discount rather than having to spend or speculate.    Standard deduction of Rs. 50,000 from salary or pension income (40,000 from  AY2019-20, 50,000 50,000 from 2020-21 onwards).   Standard discount of flat 30% on net asset value under income from house  property.   The standard deduction for salaried persons or pensioners Rs. 50,000 flats basis. The Break Budget 2019 has brought a lot…