Market Watch

Budget 2019: How a salaried person with Rs 7.75 lakh income now pays zero tax

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. Watch this video to know more. (Text: ET Online)
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