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Optimise salary structure (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
12 June 2012

Hi,

Can anyone guide me as to what deductions and exemptions can be claimed from income from salaries so as to minimise the tax incident?

Regards.


Siddhartha Bhardwaj

( Expert )
13 June 2012

HRA
Conveyance allowance
Reimbursements


CA Prashant Gupta

( Expert )
13 June 2012

you can get HRA exemption.
conveyance allowance 800 p.m
medical reimbursement 15000 p.a.
children education allowance 200 p.m
other exempt allowances which are based on your posting
and if your employer agree then you can get reimbursement of telephone, petrol etc. But then it will not be included in your salary slip. So you can get problem while change of job to prove salary



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