Zero tax on 7 lacs ! Really ? How ?

No, it is not possible to have zero tax on an income of 7 lakhs in India. As per the current tax laws in India, an individual earning up to 2.5 lakhs per annum is exempt from paying income tax. However, if the annual income is more than 2.5 lakhs, taxes are applicable on the amount exceeding 2.5 lakhs. It's important to note that tax laws and exemptions are subject to change, so it's best to consult a tax professional for the latest information.