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How can I save maximum income tax on Salary ?

Simple steps to save maximum income tax for salaried person

1) Make 1,50,000 investment for 80C and provide documents to your employer

(Suggestions LIC 15,000 + PPF 1,00,000 + ELSS Mutual Fund 35,000)

2) Pay mediclaim premium upto 35,000 for 80D and provide documents to your employer

(Suggestion 15,000 for self family + 20,000 Sr. Citizen parents) 

3) Take rent receipt from landlord and provide to your employer to claim HRA

(Max Rent amount 50% of basic salary for Metro city, 40% of basic salary for non-Metro city)

4) Take home loan provisional certificate from bank and provide to your employer

(Max 2,00,000 deduction for interest component component on home loan, Claim Principal component of home loan under 80C )

5) Produce medical bills for 15,000 to your employer

6) Opt for food coupons of 3,000 per month from employer

7) Finally, Go on vacation with family and relax, then claim for LTA to employer



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