Is the total cost for studying in Italy around five lakhs including tuition and living expenses for a Master's?

No, ₹5,00,000 (about €5,555) is usually not enough to cover both tuition and living expenses for a full Master's program in Italy.

- Tuition (public universities): €900 - €4,000/year (subject to change)
- Living expenses: €700 - €1,200/month (varies by city)

Your budget may cover one year’s tuition and several months of living costs, but not the entire program duration. Costs can be lower at public universities and in smaller cities, but you’ll likely need additional funds for a full Master’s program.