How to earn 10 Lakh “Tax Free”
Salary |
10,00,000 |
| Section 80C Exemption | -1,50,000 |
| Standard Deduction | -50,000 |
| Interest on Home Loan | -2,00,000 |
| Contribution to NPS | -50,000 |
| Health Insurance Premium Payment | -50,000 |
|
|
|
Taxable Income |
5,00,000 |
| Income Tax Payable | 12,500 |
| Rebate under section 87A | -12,500 |
|
|
|
Tax Liability |
0 |
