Now-a-days employers provide some flexibility in structuring the salary of their employees.
60% to 70% of the salary will be given under the pre-determined heads. For the 30% to 40% of the salary employers will give you some flexibility.
That is you will be allowed to claim that portion of your salary under allowance A or allowance B or allowance C or as a combination of allowance A, B and C.
If your employers provide such flexibility then share the details with your financial planner. He will be able to tell you in what way you structure your salary that is going to be beneficial in reducing your overall tax burden.
For more details visit : http://www.holisticinvestment.in/tax-planning-financial-planning/
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