Standard deduction under section 16(i)/i(a) is subject to the maximum of ______ from the FY 2023-24 and the individual has not opted for alternative tax regime.
1
Rs. 10,000 (or) amount of salary
2
Rs. 20,000 (or) amount of salary
3
Rs. 40,000 (or) amount of salary
4
Rs. 50,000 (or) amount of salary