To save tax, do these measures now, you will not get a chance later

Income Tax Savings: Many companies allow their employees to make changes in CTC i.e. Cost to Company at the beginning of the financial year. CTC is made up of many things, such as basic pay, HRA, special allowance, variable pay, employer EPF contribution and not the actual salary. Special allowance usually includes things like fuel and travel reimbursement, LTA, phone bill reimbursement. These things are available to the employees in the form of convenience, but also save tax. Tax is calculated after deducting these expenses from income, which reduces taxable income and tax on it.