- The standard deduction of Rs.40,000 /- to every salaried employee is applicable from Financial Year 2018-19 i.e., Assessment Year 2019-20.
- Family pension is normally received by the family of an employee after his death which is taxable under Income from other sources. Family pension received by the family member after the death of employee does not get covered under “Income from salary”.
- Therefore, the family pension is not covered for standard deduction.