How can employee save tax in India and useful points while conducting audit of Fringe Benefits in India

W.e.f. April 09, no FRINGE BENEFIT TAX(FBT) on employer. The consequence is that, Fringe Benefits received by employee is now taxable in employees hand. Now the point is
 
QUES. How employee can save tax ?.
ANS.   Here are few suggestions;
 
a.  Traveling and Conveyance allowance are exempt to employee to the extent they are utilized for business purpose.
b.  Allowance to encourage academic/ research / professional pursuit are exempt to the extent they are utilized for specified purpose.
c.   Transport allowance 800/- p.m. exempt.
d.   Children education allowance [2 child] 100/- p.m.
e.   Hostel expenditure allowance [2 child] 300/- p.m.
f.   Important point: Obligation of employee met by employer always taxable in employee hand as perquisite.