Working women should submit these important documents in the office, otherwise more tax may be deducted.

Despite relatively greater awareness regarding tax planning, many times we are not able to submit complete or correct documents at the right time. Due to this, there is a huge cut in salary. Many times, we avoid saving as much tax as we can or due to lack of information, we do not know where and by investing we can take advantage of the exemption provided by the government. A few days are left for the current financial year to end. In such a situation, first of all remember whether you had chosen the new tax regime or the old one in the month of April last year. If you had chosen the old option, then you will have to submit receipts of the entire year's investment and other mentioned expenses in the office. This work has to be done before 31st March.

Avail investment exemption under 80C- If you have paid the premium of any LIC policy in the current financial year or have taken a new policy, health insurance related receipt, if you have deposited money in PPF, then its receipt, money deposited in Sukanya Samriddhi Yojana, home loan and education loan, ELSS related documents. You have to collect receipts of the money deposited in tax saving schemes like etc. And you have to submit it in the office online or offline as per the procedure prescribed in your office. Under Section 80C, you can invest up to Rs 1.5 lakh. By the way, let us tell you that even if you are not able to invest the entire Rs 1.5 lakh, the Employees Provident Fund (EPF) contribution is also counted in it. Receipts of children's tuition fees can also be deposited under this.

Claiming reimbursement- Some companies give allowances to their employers like books, newspapers, driver salary, broadband bill, food coupon allowance, telephone bill etc. You should get the receipts for the purchase of these services and goods in the office on time. If you do not get it done, firstly this will be an extra amount spent from your pocket and secondly, you will not be able to get tax exemption on depositing it. For more such information related to women and personal finance, you can click here.

House Rent Declaration- If you have declared yourself as a hired employee, then you will have to submit the necessary documents related to it on time. You also have to submit receipts, rent agreements and bills etc. related to HRA (House Rent Allowance) by 31st March. Also, the PAN card number of the landlord must be mentioned in the rent agreement. Well, this is a part of the salary given to you by your employer. How much is your HRA? It depends on your total salary, whether the city you are living in is metro or non-metro etc.

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