If you earn Rs19 lakh yearly, you can significantly lower your tax bill by using smart deductions and choosing the right tax regime. Here is how to save tax on 19 lakhs salary:
Choose the Right Regime (Old vs New).
Under the new tax regime, you are eligible for a standard deduction of Rs 75,000. In the old regime, you can use powerful deductions like 80C, 80CCD(1B), HRA, and 80D, which may yield bigger savings if you invest smartly.
Max Out Section 80C Investments.
Invest up to Rs 1.5 lakh in 80C-eligible instruments like PPF, ELSS, NSC, life insurance premiums, or principal repayment of a home loan.
Put Money in NPS.
Use 80CCD(1B) to claim an extra Rs 50,000 deduction for your own contribution to the National Pension System. Also, your employer’s NPS contribution (up to 10–14% of your basic+DA) is deductible under 80CCD(2).
If you live in a rented home, claim the House Rent Allowance (HRA) exemption under Section 10(13A). Keep rent receipts and rent agreements as proof.
Pay premiums for your health insurance (and your parents’) to claim up to Rs 25,000 (or more, depending on age) under Section 80D.
If you have a home loan, claim up to Rs 2 lakh per year on interest paid on a self-occupied property.
If you donate to notified charities, you may claim deductions under Section 80G, helping both social causes and your tax bill.
With a Rs 19 lakh salary, run a tax comparison between the old regime (with all possible deductions) vs the new regime (with fewer exemptions) every year. High deductions usually make the old regime more tax-efficient.
Get Assistance with Tax Assessment and Payments by Experts at NoBroker.
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How to Save Tax on 19 Lakhs Salary?
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2025-11-24T07:29:16+00:00 2025-11-24T07:29:19+00:00Comment
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