Services

Tax Planning

Tax planning can be defined as pre planning of client’s financial affairs by taking legitimately in full benefit of all deductions, exemptions, allowances and rebates so that the tax liability reduces to minimum.

How Tax Planning can help?

The benefit of early tax planning is that it can help make your financial goals either more attainable, or can help you reach them more quickly. To be the most effective, tax planning should be done before the end of the financial year so that you can enjoy the benefits of the implemented tax strategies in that tax year. Wealth Plus can assist you with tax planning.
There are three key characteristics of tax planning:

Investing to reduce taxes.
Planning your finances in such a way that you attract the least amount of tax.
The process of tax filing.

As a result, tax planning affects all aspects of your money matters.

Benefits of Tax Planning

Through proper tax planning, you can create a strategy that allows you to minimise your tax liability every year.

Reduces Tax liability

Section 80C can allow you to claim a deduction of Rs 1.5 lakh on your taxable income. The other provisions in the Income Tax Act offer exemptions are: Sections 80D, 80DD, 80EE, 80G and 24(b).

Best use of Tax exemption schemes

You can use ELSS, Term Insurance Policy, Health Insurance Policy, NPS etc to exempt tax as per income tax law guidelines.

Increase savings

Tax planning can increase your savings and help to create long term assets, retirement corpus etc.

Articles related to Tax Planning

Tax Planning

Sensex vs Bank FD Rates

To know more about importance of financial planning and various investment opportunities in Indian financial service industry..You can attend our Investor [...]

Tax Planning

Best Investment Plans

To know more about importance of financial planning and various investment opportunities in Indian financial service industry..You can attend our Investor [...]

Tax Planning

Elss Mutual Fund 80C Tax Planning

To know more about importance of financial planning and various investment opportunities in Indian financial service industry..You can attend our Investor [...]