Google Tag Manager Account 6000404159, Google Tag Manager Container ID GTM-M3CM5WR

Download Automated All in One TDS on Salary for Govt & Non Govt Employees for F.Y.2018-19 with Union Budget 2018: No bills required to claim Rs 40,000 standard deduction

       The new measure will benefit all salaried employees and pensioners
without the hassle of filing supporting documents or bills

    Till now, taxpayers had to furnish medical bills and an undertaking
for conveyance expenses to get the benefit of Rs 19,200 under transport
allowance and Rs 15,000 under the medical allowance.

taxpayers and pensioners need not have to furnish any bills or
documents to claim the standard deduction of Rs 40,000 announced in the
budget 2018-19 Financial Year.
budget, this time, has given a large benefit of flat Rs 40,000 as a
standard deduction to the salaried class of taxpayers and pensioners.

to Download Automated All in One TDS on Salary for Government &
Non- Government employees for the Financial Year 2018-19
This Excel Utility can prepare at a time Income Tax Computed Sheet +
Salary Sheet + Salary Structure + Automated H.R.A. Exemption Calculation
U/s 10(13A) + Automated Arrears Relief Calculation with Form 10 E From
F.Y.2000-01 to F.Y.2018-19 + Automated Form 16 Part A&B and Form 16
Part B for F.Y.2018-19]

some people were getting conveyance allowance and some medical
allowance on the basis of production of bills, but now we have removed
all individual allowances on a production of certain bills among others.
It is flat Rs 40,000 to every salary earner. You can straightaway claim
it,” Chandra said.

The Central Board of Direct Taxes (CBDT) is the policy-making body of the Income Tax department.

Leave a Reply

7 + 11 =

error: Content is protected !!