Perks and incentives There are certain tax saving options in the hand of salaried person like the conveyance allowance, house rent allowance (HRA), medical allowance, food coupons, special allowance. Food coupons could to be spent on eating meals in office time. A good amount of tax can be saved if you can get food coupons for maximum number of days in a month. You can claim up to 15,000 as tax rebate for any expenses made on medical expenses in a year. HRA is supposed to be one major component of your salary. The tax rebate that you get on HRA is dependent on your basic salary, the actual rent you pay and your city of residence in India. If you are claiming tax benefit on home loan, you can still claim HRA. For conveyance, any amount lesser than 800 per month is a wasted opportunity to increase take home pay.