How to save a salaried person income tax

​Individual investment usually starts with tax planning and once can utilize the tax saving investments to achieve financial goals. For example, children’s plan will also give tax benefit and if a person’s income increases, it is very wise to invest the amount in saving investment of tax in order to achieve goals. A person has to check the payment available in the company to utilize the maximum advantage. Normal expenses will also help to save tax, for example, meal vouchers, reimbursements and company car. Salaried employees who are staying in an apartment on the rental basis can able to claim exemption under the act of  HRA house rent allowance. Some of the reimbursements and exemptions are house rent allowance should be minimum of actual HRA, rent paid should be basic of 10% and basic metros of 50% & basic non metros of 40%.