Exemptions for TDS on Salaries?

I am working as Finance manager in Software Development Company, Please tell me the details to reduce tax exemptions on Salaries.

3 Replies to “Exemptions for TDS on Salaries?”

  1. You have got following exemptions as a salaried individual:

    1. HRA exemption under Section 10
    2. Leave Travel Allownace exemption under Section 10
    3. Medical Bills exemption under Section 10
    4. Conveyance exemption under Section 10
    5. Exemptions under section 80C, which include invesment in LIC, PPF, NSC, ELSS, Principal payment on a home loan etc.
    6. Loss on house property which include interest paid on a home loan
    7. Under section 80D, Mediclaim insurance

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × five =