Govt acts on LC demand gives tax relief
Total Income - Tax Rate
Up to 12,00,000 - Nil
4,00,001 to 8,00,000 - 5%
8,00,001 to 12,00,000 - 10%
12,00,001 to 16,00,000 - 15%
16,00,001 to 20,00,000 - 20%
20,00,001 to 24,00,000 - 25%
Above 24,00,000 - 30%
https://www.localcircles.com/a/press/page/rbi-household-savings-survey
No one does this better than you LC manager more