How is Standard Deduction calculated on Quicko?

Created by Bharti Vasvani, Modified on Mon, 14 Oct at 3:40 PM by Bharti Vasvani

The standard deduction offers a flat reduction on taxable salary, providing tax relief to all salaried individuals. It was introduced as this simplifies tax compliance by replacing small allowances like medical & transport, and eliminates the need to submit proofs.  


How is it calculated on Quicko?


The standard deduction is a fixed amount and is auto-calculated on Quicko based on the salary(s) entered. The deduction is applied after claiming exemptions under Section 10 on the gross salary.


Steps to check the standard deduction


  1. Navigate to File > Incomes > Salary and click on the salary cardNavigate to File > Incomes > Salary

  2. Under Salary Summary, you'll be able to verify the amount availed as standard deduction Under Salary Summary, you'll be able to verify the amount availed as standard deduction

If you switched jobs during the year, the total standard deduction of ₹50,000 can be claimed across all your salary incomes.



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