How does a tax plan reduce my tax outflow?
Some of the common exemptions available might be:
- Section 80C
- House Rent Allowance or HRA
- Interest on housing loan
To explore more avenues for tax saving, our financial planner will build a customized plan that’s right for you.
Advantages of Tax Planning
Better legal and tax compliance
Reduced litigation risk
Automatic long term savings
Reduced tax outflow
The financial planner will undertake “Tax planning” for individual clients relating to:
- Salary income
- Rental income
- Interest income (fixed deposits etc)
- Other income, not including business income
– Tax planning is the process of optimizing your tax liability and outflow. The primary goal of effective tax planning is to reduce the total tax bill of the taxpayer.
Output: The financial planner will develop and deliver to you a customized tax plan that explains how to optimize your tax outflow.
Please note that: The plan will be done based on the information provided by you. Hence you are advised to provide complete and detailed financial information about you and your family.
On purchase of this product, a requisition list (list will be detailing the required documents) will be shared with you.
We will digitally submit the documents as per requisition list.
Within 4 working days, you will receive a confirmed appointment with your financial planner, along with preliminary views (if possible) on the product.
And your final product will be shared within 3 working days from the submission of last set of additional documents (if any) by you.