Pay ZERO Income Tax on Earning upto 7.5 Laks/Year


Going by the Budget 2019 proposals, a salaried individual with gross total income up to Rs 7.75 lakh can invest in various tax saving avenues and avail of different deductions to reduce taxable income to Rs 5 lakh and consequently pay no tax for FY2019-20. Such a person would be saving tax of Rs 15080 compared to tax payable in current FY 2018-19, according to EY analysis.

Here’s how. Say your gross total income for FY 2019-20 is Rs 7.75 lakh.

First you can claim standard deduction .. 

Source: Economioc Times.

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