Multiple choice

What is the amount of standard deduction for salaried persons whose annual income is below Rs. 1 lakh?

  1. Rs. 20,000

  2. Rs.0

  3. Rs. 28,000

  4. Rs. 30,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under Indian income tax law, salaried individuals with annual income below Rs. 1 lakh were not eligible for standard deduction. This threshold-based provision meant that only those with higher income could claim the standard deduction benefit. The amount has been revised over time, but at the time this question was framed, it was Rs. 0 for this income bracket.

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