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How can you escape Income Tax in India if the salary is 4.5lacs per annum?
Wiki User
∙ 11y ago
You have to pay only for 2.5 lacs, where upto 2 lacs is nil and above 2 lacs would be 10% (if am not wrong). For 2.5 lacs, (250000*10/100) = 25000 would be your deduction (roughly!) You can evade by producing, rent receipts, investment in lic, paid medical bills upto 15000, children's tuition fees and many more!
Boss, I have to show for 5.5 lacs as tax alone! I am the one supposed to ask the question here :D
Wiki User
∙ 11y ago
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