Following are the exempted allowancess we can claim in salary 1.Under Section 10 &17 HRA,Transport,Gratuity,Medical,Childran Education,Lta,Vehicle Maintanance
2.Dedection Under Chaptar IV-A Medical Insurance Premium (Sec80d),Medical Insurance Premium Parents(Sec80d),Medical Handicapted Dependent(Sec 80DD),Medical for Specified Diseases (Sec80DDB),Donation(Sec 80G),Higher Education Loan Intrest Repayments(Sec 80E),Rent Dedection( Sec 80GG)Only If HRA Not Received,Dedection for perment disablity (sEC 80U),
3.Dedection Under Chapter VI (Sec 80 C) Penction Scheme,NSC,PPF,EPPF,Childrance Education,Housing Loan Princepal Repayment,Insurance Premem,Infrastructure Bonds & others
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