No tax on Salary income upto 10 lakh p.a.

No tax on the income of Rs.10,00,000/-
Planning

Salary	Rs.1000000
Deduction under section 80C	(150000)
Standard Deduction	(50000)
Interest on home loan	(200000)
Contribution to NPS	(50000)
Health insurance Premium	(50000)
Taxable income	Rs.500000
Computation of Tax
0-250000@0%	0
250001-500000	12500
Rebate u/s87A	(12500)
Net tax payable	0

Please Note that there is no any change is slabe Rate of income. Just the rebate under section 80C was increased from Rs. 2500 to Rs. 12500. There is no any benefits for the classes of people having income more than Rs.5 Lakh. If they no investment as per above calculation.

       
For Union Budget:https://www.taxclub.online/2019/07/union-budget-2019-highlightunion.html
For Interim Budget Highlight: https://www.taxclub.online/2019/02/xghh.html
No tax up to 10Lakh: https://www.taxclub.online/2019/02/no-tax-on-salary-income-upto-10-lakh-pa.html