If you have a salary of Rs 6 lakhs, You don’t have to pay any income tax for an amount up to Rs. 5 lakh by claiming Rs. 12500 under section 87A. For the next 1 lakh, you can save your tax by investing in Employee Provident Fund (EPF) Investments, Public Provident Fund (PPF) Investments, Equity Linked Savings Scheme (ELSS), Tax Saving Fixed Deposits, Sukanya Samriddhi Yojana, National Saving Certificate (NSC), Term Life Insurance Premium, etc.