The standard deduction for salaried taxpayers after being abolished in financial year (FY) 2005-06 was reintroduced from FY2018-19 onwards at Rs 40,000, in lieu of removal of tax exemption for transport allowance of Rs 19,200 and medical reimbursement of Rs 15,000. The deduction limit was later enhanced to Rs 50,000 from FY2019-20.
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