https://www.taxtmi.com/article/detailed?id=7856 Amendments insert a standard deduction of forty thousand rupees or the amount of salary, whichever is less, for computing income from salaries and omit the proviso in section 17 that exempted medical reimbursement up to fifteen thousand rupees, making such reimbursements taxable as perquisite; both changes take effect for assessment year 2019-2020 and subsequent years. Chapter VIA deductions, including health insurance premium allowances, remain claimable against gross total income separately. en-us Sat, 03 Feb 2018 08:01:36 +0530 Sat, 03 Feb 2018 08:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7856 Amendments insert a standard deduction of forty thousand rupees or the amount of salary, whichever is less, for computing income from salaries and omit the proviso in section 17 that exempted medical reimbursement up to fifteen thousand rupees, making such reimbursements taxable as perquisite; both changes take effect for assessment year 2019-2020 and subsequent years. Chapter VIA deductions, including health insurance premium allowances, remain claimable against gross total income separately. Articles Budget - Tax Proposals Sat, 03 Feb 2018 08:01:36 +0530 https://www.taxtmi.com/article/detailed?id=7856