Income tax

it will depend upon in which capacity you are buying bike, if it is for personal purpose, it will not save any income tax, because it will be application of income, on which tax is already paid. But if it is in the capacity of business, for business use, you can claim depreciation on it, since it will be part of your business asset. And if you are not running any business, and buy a bike which you will use for both personal and for your job, you can avail benefit of transportation allowance, that will reduce to some extent your income tax. But full deduction of Capital expense will not be allowed in any case.