Every month, I pay tax of Rs. 92000. I am 14 years of experience IT guy and my salary is close to 42 Lakh. I have a home loan and an EMI of 44,000 Rs. I have medical insurance of Rs. 24,000. I have PPF of Rs. 1,00,000 but still huge tax is imposed on me. How can I reduce the tax?
Here's my salary structure:
Basic: 140000
HRA: 71,000
Conveyance Allowance: 135000
Please suggest.

From India, Bengaluru

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