08-02-2018 Major Announcements For Individuals Section 80D (medical premium) deduction for senior citizen raised to Rs.50,000 Benefit of tax free-withdrawal from NPS extended to non-employee subscribers Standard deduction of Rs 40,000 reintroduced for salaried person. This deduction is proposed in lieu of deduction for medical reimbursements for Rs. 15,000 and travelling allowance for Rs. 19,600…

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