Please see the attachment for your better understanding purpose.
3rd May 2019 From India, Mumbai
You cannot add a salary head of 'Standard Deduction' in the salary structure. Standard deduction is only for purpose of calculating Income Tax.
7th May 2019 From India, Kolkata
When an employee leaves in the middle of a financial year (say in June in FY 2019-20), can standard deduction amount of Rs 50000/- be fully considered for computing the income taxes payable on the 3 months' (Apr, May & Jun) salary or? Please advise. Thank you in advance.
26th June 2019