How to Save Tax - Few Simple Guidelines
Rent Payment - We can Save our Tax using this option this could be city to city different (Part of House Rent Allowances - HRA). It will be %age of Basic+DA

Medical Allowances & Travel Expenses  - Your employer can provide you this facility for your benefits. You suppose to ask your organization.

Expenses- Could be part of Tax Savings like Tuition fees of your 2 Children's,Insurance of your family (husband/wife & Miner childrens) are also part of your tax saving.

Investments - You must do some investment which will build your corpos and protection. Tax Saving FD, Mutual Fund, PPF, NSC & Life Insurance.

Home Loan - Principal & Interenst both are will also help you reduce you tax eligibalities.

Medical Insurance - for Self and family part of additional Tax benefits.

Pension Schemes - NPS - National Pension Scheme like Atal pension Scheme will provide you additional Tax benefits

Donation of Some selective charities.

Income Tax Slabs Rate
Up to Rs.2,50,000 NA
Rs.2,50,000 to Rs.5,00,000 5%
Rs.5,00,000 to Rs.10,00,000 20%
Over Rs.10,00,000 30%


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