Your exemptions can be in the following form: 1. U/s 80C investments in LIC, MF, Child tution fees, etc. upto Rs. 1,00,000 2. U/s 80D upto 10,000 for mediclaim premium. 3. If you house rent, then your HRA could be exempt subject to certain limits. 4. If you pay interest of house loan, then interest paid upto Rs. 1,50,000 could be exempt. 5. Your conveyance allowance of Rs. 9600 p.a. is already tax free. 6. Your Medical reimbursements of Rs. 15,000 p.a. are already tax free, in case you receive that.
