How to earn RS. 10 Lakh “Tax Free”

How to earn RS. 10 Lakh "Tax Free"

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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

 

 

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