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.
