Do Deductions Affect Social Security?

Seeking clarity on Do Deductions Affect Social Security? Here is the main facts with clear analysis.

To claim the benefit of standard deduction it is not mandatory to have it mentioned in your pay scale or payslip. You can directly take the benefit at the time of filing ITR.The benefit of standard deduction is also available in Form-16. Q – My payslip says that I have deductions u/s (10) and (17), amounting to INR 87168.