Here are the some salary strucher components where employees can save their tax.
1. Basic - Fuully taxable
2. HRA - 40% non metro & 50% for metro
3. Conveyance allowances - Exempt up to 19,200
4. Medical allowances - Exemption up to 15,000
5. Mobile & internet allowances -( The reimbursement of mobile and internet bills used for company purpose is tax free.)
6. Leave travel allowances -(You can claim LTA twice for two domestic trips with family in block of four years,There is no maximum limit of LTA and is decided by employer.)
7. Car maintenance allowances
8. Children education allowances -Rs.100 per month per Child and Rs.300 for Hostel Expenditure for maximum of two children is tax exempted.
25th May 2019 From India, Mumbai
There is no specific heads like conveyance and medical allowance for exemption, that and all excluded from last year. Only Rs.50,000/- as standard deduction for tax exemption for the year 2019-20.
27th May 2019 From India, Tiruvannamalai