[New Delhi] Employees Thanks PM for Tax Benefit On Rs 40 K
Employees Today thank Prime Minister for allowing standard deduction of Rs 40,000
A delegation of officials of Department of Personnel and Training (DoPT), called on the MoS PMO, Personnel, Public Grievances & Pensions, Dr Jitendra Singh here today. The officials thanked the Government led by Prime Minister Narendra Modi for incorporating their issues in the Union Budget presented by Finance Minister Shri Arun Jaitley yesterday.
The delegation was led by the DoPT Secretary Shri Ajay Mittal. The members thanked the Government for allowing them a Standard Deduction of Rs 40,000 p.a. for salaried individuals on income tax in lieu of the existing transport allowance and reimbursement of medical expenses.
They also thanked the Government for taking various other welfare measures for the employees in the last three years.
He said that this has been taken care of by exemption of the interest on bank account from income tax up to Rs.50,000, enhancement of the health insurance amount up to Rs.50,000 and hike in medical expenditure. The budget is common man friendly and addresses issues of all sections,