TAX DESTINATION

Tax Planning refers to  financial planning that leads to a reduction in Tax Liability by way of investing in certain tax-saving investments and incurring expenses which are deductible for tax purposes. Tax Planning is very much necessary for salaried employees in order to reduce tax outflow. It is mandatory to file ITR for salaried employees whose income is exceeding the basic exemption limit because TDS has already been deducted from their salary and the details of their gross salary are available with the tax authorities through information provided by their employers by way of filing TDS returns. By making various investments for the purpose of tax planning, one can also earn  favourable returns over a specific period of time involving minimum risk. Let's see various ways in which individuals can plan their taxes. There are various provisions for salaried employees to reduce their tax burden. A Salaried Individual has to make sure to avail of all the following deductions: 1) Rep

Tax Planning refers to  financial planning that leads to a reduction in Tax Liability by way of investing in certain tax-saving investments and incurring expenses which are deductible for tax purposes. Tax Planning is very much necessary for salaried employees in order to reduce tax outflow. It is mandatory to file ITR for salaried employees whose income is exceeding the basic exemption limit because TDS has already been deducted from their salary and the details of their gross salary are available with the tax authorities through information provided by their employers by way of filing TDS returns. By making various investments for the purpose of tax planning, one can also earn  favourable returns over a specific period of time involving minimum risk. Let's see various ways in which individuals can plan their taxes. There are various provisions for salaried employees to reduce their tax burden. A Salaried Individual has to make sure to avail of all the following deductions: 1) Rep