Tax Planning

Tax planning is the analysis of an investment product / portfolio from a tax perspective. The purpose of tax planning is to ensure tax efficiency. The objective of tax planning is to ensure that all elements of the financial plan work together in the most tax-efficient manner possible. Tax planning is an essential part of an investor’s financial plan. Reduction of tax liability and maximizing the ability to contribute to your goals are crucial for success.

With tax planning, one can streamline his/her tax payments such that they receive considerable returns over a specific period of time involving minimum risk. Also, effective tax planning will help in reducing a person’s tax liability (in a legal manner).

Tax planning can be classified into the following:

  • Permissive tax planning: Tax planning which falls under the framework of the law.
  • Purposive tax planning: Tax planning with a specific objective.
  • Long-range/short-range tax planning: Planning executed at the beginning and towards the end of the fiscal year.

However, majority of financial mistakes in India are made in the tax planning season ( January to March). Lot of people fail to assess their tax liability and postpone the tax savings to last minute and falls prey to products qualifying for deduction under section 80C of the income tax code. As a result people ends up compromising with growth of their investments and overlooking products are inherently tax efficient.

Our Team helps you in optimizing tax planning by:

  • Understanding your tax liability.
  • A comprehensive assessment of all deductions that are available in the form of home loan, house rent, provident fund, health and life insurance etc.
  • Ascertaining the impact of tax savings on your annual savings.
  • Evaluating your tax saving investments based on their merit.

We believe that a tax planning services should enable in paying taxes smartly by utilizing the provisions in the Income Tax Laws. A tax saving plan should include a holistic view of the impact of your tax savings on your financial goals.

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