Relief to salaried taxpayers: standard deduction of 40,000 allowed in lieu of present exemptions https://www.taxtmi.com/news?id=19501 A standard deduction of Rs. 40,000 is proposed in lieu of exemptions for transport allowance and miscellaneous medical reimbursements for salaried taxpayers and pensioners; enhanced transport allowance remains for differently abled persons and medical reimbursement for hospitalization continues. en-us Thu, 01 Feb 2018 15:21:00 +0530 Thu, 01 Feb 2018 15:21:00 +0530 TaxTMI RSS Generator Relief to salaried taxpayers: standard deduction of 40,000 allowed in lieu of present exemptions https://www.taxtmi.com/news?id=19501 A standard deduction of Rs. 40,000 is proposed in lieu of exemptions for transport allowance and miscellaneous medical reimbursements for salaried taxpayers and pensioners; enhanced transport allowance remains for differently abled persons and medical reimbursement for hospitalization continues. News - Thu, 01 Feb 2018 15:21:00 +0530 https://www.taxtmi.com/news?id=19501