Standard Deduction u/s 16(i)

Section 16(i) of the Income Tax Act, 1961 provides for a standard deduction from the income of salaried individuals and pensioners. This deduction aims to simplify the tax computation process by allowing a fixed amount to be deducted from the total income, thereby reducing the taxable ____ __________ ______ _______ ___ ____ __________ _________ __________ _________.
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