Proper Tax Planning Steps should bethefundamentaldutyofevery person. In fact, there arethree stagesintheplanning process.
These three tax planning steps are:
Allheadsi.e.,salary,income fromhouse property, business andprofession, capital gains andincome fromothersources,thecalculation oftheir taxable income.
Thefinancialyearthe totaltaxable income(i.e., April 1 toMarch 31) usinga simpletax ratetable, calculate the taxpayable onthenextpage.
The amount of your tax liability after you calculated. You have two options to choose from:
Do notpay attention toyour taxplanningneeds
Be prudentto minimizeyour taxthroughtax planning.
Most people choose option “b”. You should consider your age, savings plans, social liabilities and personal preferences of multiple tax slab return, to compare a perfect mix of investment, which is zero or minimum possible will reduce your tax liability for the decision.
Incentives provided by the Government of each citizen to avail all the tax is a fundamental right. therefore, prudent tax plan not only at income tax liability but also a better future in the highly secure Government plans ensured due to the savings we honestly all our readers and customers this wayPost your investment plans in that yield the highest possible liquidity to keep security and tax-basic criteria to see advice
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