Income tax: Good news! Annual salary is Rs 9 lakh, you will not have to pay even Rs 1 tax, understand the complete calculation

Income tax saving: Hello friends, today we are going to tell you this in this article, even if your annual salary is Rs 9 lakh, you will not have to pay even Rs 1 tax, know here how.

If your salary is Rs 9 lakh then it would be better to choose the old tax regime.

• In this, you can get tax exemption of Rs 1.5 lakh under 80C on investing in small saving schemes like PPF, EPF and NSC.
• Under 80CCD(1B), a rebate of Rs 50,000 will be available on investing in NPS.
• If you have taken a home loan, then you can claim tax exemption of Rs 2 lakh under Section 24B.
• In this way you have made a total tax saving of Rs 4,00,000 (1,50,000+50,000+2,00,000).
• Under the old tax regime, you no longer have to pay any tax on income of Rs 5,00,000.