Exemptions and tax relief

pls read 80P of income tax Act,1961

you are registered as company or co-op society?

if u employed regular workmen more than 50 then u r also eligible to take deduction u/s 80JJAA @ 30% of the wages

As Private Limited

Sir u can claim deduction u/s 80JJAA @ 30% of wages to new workmen, if your undertaking is in notified backward area of Telangana state then you can claim additional depreciation @ 35% on new plant and machinery acquired and installed during P.Y., also you can claim deduction u/s 32AD @ 15% on new plant & machinery installed during P.Y.

Sir 

How to know the areas notified in Telangana State.

C.G has notified backward districts of Bihar recently, for Telangana state it is yet to be notified sir..

Saving of Income Tax-Salaried Vs Self Employed

https://www.dealsofloan.com/saving-income-tax-salaried-vs-self-employed/