Everyone of us are earning quite well, so we pay heavy taxes on our income too. There are lots of way to save tax. Our income should be well tax efficient, that is it should be structured to the best possible way taking the benefits of tax exemptions, deductions, allowances and tax saving schemes. Since the starting of the new financial year we all mostly have a income revision, so our tds rise with that. If we are able to structure our salary efficiently since the starting we can have our Tax Deducted At Source at its minimum and In take home payouts at its maximum, we can have much more income in our hands at our dispose.

What all it includes:-

Financial planning involves a year round involvement of thorough study and calculations. Tax planning is done to save taxes by the way of investments in tax saving schemes. There are several investment options inline today and picking up the right choice is utmost difficult and cumbersome task. Proper investment planning involves individual needs and risk profile. It all comes down to various factors:-

Salary Structuring is somewhat a balancing act. You need to strike a balance between your short-term financial needs and long-term goals. At any stage in life, your salary should enable you to meet your recurring expenses. While structuring a salary package, with this big picture in mind, the incidence of income tax plays a major role. A hefty or big gross salary that gets pruned at the net paying as tax what you could have saved and deployed towards creating wealth for yourselves.

In order to plan or make a tax-efficient salary package, you should be able to take best use of the provisions of tax laws governing salaries, the exemptions available for various types of reimbursements and allowances, and the rules pertaining to valuation of various types of perquisites. Let's go through some of these provisions and rules. Read here :-

Most employers, these days, compute salary packages on "cost to the company" basis, rather than on "net to the employee" basis. In order to tailor salary packages to meet the tax needs of each employee, they are often willing to offer different types of perquisites within the overall cost. This will increase your basic part of your salary and falls in the maximum tax slab rate.

Which is why, while negotiating your salary package with your employer, you should try to maximize your take-home pay” and minimise your tax outgo. But such a balancing exercise has to take into account the interests of the employer too.

However, you still have to gauge whether the benefits being offered hold value for you. For instance, if you live in your own house, you might not want rent-free accommodation or house rent allowance. Ultimately, the specifics of each case would determine how a package is structured.

If your employer already has structured your salary package, still there are quite likely chances that still you can best use of provisions of income tax and save huge percentage of tax.

We will review your salary package and guide you to how to take best use of the provisions of income tax act.

Tax Planning can be defined as an arrangement of the financial affairs within the scope of law in a manner that derives maximum benefit of the exemptions, deductions, rebates and relief and reduces the tax liability to its minimum. We properly analyze your profile, your financial statements and then arrive at proper planner for you with calculations and results for your assessments. We need you to register with us and provide your financial details.

Tax planning is not a device to reduce tax burden. In fact, it helps savings by investments in different securities to save tax. The goal of income tax planning is to minimize your statutory income tax liability. You can achieve this in different ways. You should consider deduction planning, investment tax planning, and year-end planning strategies to lower your overall income tax burden.

Once the financial year is end, after 31st march every year you are facing a concept of preparation of your income records and file them with Tax authorities. Our manager helps you in round the year financial planning and after the year ends with just a click of button you need to generate your tax computation and saral form and you just need to sign it. The last formality is to file your returns with the relevant tax authorities.

"Financial Planning is a process in which an individual sets short or long-term financial goals through investments, tax planning, asset allocation, risk management, retirement planning and estate planning. " Planning for a secure financial future is not easy.

• Maybe you're saving to buy your first home.
• Perhaps starting your own business is a dream.
• The costs of a college education have spiraled and you may wonder how you will pay for your child's education.
• You will probably live longer. Additional years after retirement can cost more than originally planned.
• Your company pension plan and other insurance plan returns may not be enough to maintain your standard of living after retirement.

Complex financial marketplace and changing tax laws make it difficult to understand your financial picture.
Everyone needs to plan for Tomorrow. At every income level, there are steps you can take to make more efficient use of your assets and to ensure a secure financial future. It makes sense to develop well-defined goals and to map out appropriate strategies to turn your dreams into reality. So the next question you may ask is when should I start planning? Well answer is, as early as possible. Time passes quickly it is never too soon to start planning for tomorrow.