The tax can be saved by availing of the deductions given by the government. If you fall under the category of the exemption, you can check the maximum amount of the deduction and can deduct the amount as per your expense amount. Some of the exemptions that you can avail to save tax are as follows:
- Medical insurance under Section 80 D, Up to Rs 25,000 is exempted for individuals and Rs 50000 for senior citizens
- Rent paid exemption under Section 80 GG, maximum Rs 24000 is exempted
- Donation under Section 80 G, the limit depends on the conditions specified by Income tax rules
- Deduction under Section 80 DD and 80 U of Rs 75000 to Rs 125000 based on disability.