How to pay zero tax on 15 lakh income?
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Firstly, by utilising the basic exemption limit offered by the income tax department, you can reduce your tax liability. For the financial year 2023-24, this exemption limit stands at Rs 2.5 lakh for regular taxpayers. So, the initial Rs 2.5 lakh of your Rs 15 lakh salary can be exempted from any tax.