WILL PENSIONERS GET STANDARD DEDUCTION OF RS.40000 FROM FY 2018-19

Hi! After Budget 2018 announcement about standard deduction of Rs.40000 on salary, confusion arise that whether this deduction is applicable on pension or not?

So , 

"The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head "Salaries". The Finance Act, 2018 has amended Section 16 of the Income-tax Act, 1961("the Act") to provide that a taxpayer having income chargeable under the head "Salaries" shall be allowed a deduction of Rs. 40,000/- or the amount of salary, whichever is less, for computing his taxable income. Accordingly, any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs.40,000/- or the amount of pension, whichever is less, under Section 16 of the Act," said the press release.

following is link to download press release:

https://drive.google.com/file/d/1jqFTTtsBmUn6_2jGEzbeOGQRGBvjYYdw/view?usp=sharing

now pensioners are also eligible for standard deduction as clarified above from FY 2018-19.

Thanks