Have you claimed these deductions?

HRA

       In order to claim the house rent allowance (HRA), you need to provide details of your rental expenditure along with the rental.

LTA

      Leave travel allowance (LTA) can be claimed. The allowance is provided to enable professionals to travel on leave once a your. You have to provide details of the travel to claim it The allowance, as per the Income Tax Act, is tax-free once in two years or twice in a block of four years. It is important to keep track of the year while claiming the tax benefit as it need not be taxed alternate years or twice. In a block of four years.

Medical reimbursement

      Medical expenditure, up to a limit of Rs 15,000 per annum,can be claimed as a deduction. Employees can reduce their tax burden by claiming the allowance with medical bills.

Deductions under Chapter VI-A

       Some deductions available to an individual not carrying out any business or profession.

Section 80c

        . Life insurance

        . Provident Fund set up by the Government or a recognised Provident Fund

        . Contribution to anapproved superannuation fund

        . Subscription to National Savings Certificates

        . Tuition fees paid

        . Home loan repayment The aggregate amount of deduction here cannot exceed Rs 1 lakh.

    Section 80D,

    80D, 80DDB

        . Medical insurance premium

        . Maintenance, including medical treatment, of dependent person with disability

        . Medical treatment

 Section 80E

         . Interest on loan taken for higher education

Section 80G

          . Donations to certain funds, charitable institutions etc

Section 80GG

           . Rent paid