Standard deduction does not apply to family pensioners because family pension is taxed under other sources, not salary. Applicability of the standard deduction is confined to incomes chargeable under the head Salary; family pension is taxed under the head Income from Other ... Summary
Standard deduction does not apply to family pensioners because family pension is taxed under other sources, not salary.
Applicability of the standard deduction is confined to incomes chargeable under the head Salary; family pension is taxed under the head Income from Other Sources and therefore the statutory standard deduction does not apply to family pensioners.
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