In addition to the heads mentioned such as HRA,Conveyance,Medical,Uniform etc. you may consider the following which also enjoy applicable tax exemptions:
Children's Education Allowance:Rs.2400/- for two children annually is exempted from income tax
Children's Hostel Allowance:Rs.7200/- for two children annually is exempted from income tax
Leave Travel Assistance:Exempted from tax 2 times in a block of 4 Calender years;present Block-January06 to Dec'09
Food Passes:Exempted upto Rs.15600/- per annum
Gift Coupons:Exempted upto Rs.5000/- per annum
Superannuation Fund:The contributed amount to this fund is exempted from income tax
regards,
Rahul Datta