How to save tax on salary?

Income Tax Act gives salaried people many ways of saving taxes on Salary:

  • Do you stay with parents?
    • You can pay them house rent. At ClearTax you can calculate your family income tax so that it is minimum.
  • Did you buy a house recently?
    • You can avail the deduction of upto Rs 1,50,000 on your taxable income.
  • Do you have school going children?
    • You can avail the tuition fees as Deductions under Sec 80C upto Rs 100000.
  • Do you pay medical premium for your parents/family?
    • You can avail this as deductions under Sec 80D upto Rs 35,000.
  • Did you pay some medical bills this year?
    • If you get medical allowance from your employer then you can claim deduction upto Rs 15,000.
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