WebKnow all about proper income tax planning with the help of Income Tax Planner Experts Of Invest Yadnya.Income Tax Planning In India, Income Tax Guidelines, Investment Portfolios, Model Portfolio. Let Yadnya's Tax Experts solve all your Income Tax related Queries Webreduce his tax liability. Significance of Tax Planning Tax Planning is significant for the following purposes: 1. Reduction of tax liability: An assesse can reduce his tax liability by availing tax concessions, exemptions and reliefs etc. admissible under the Income Tax Act 1961. This enables him to save his hard earned money and to satisfy his

Income Tax Planning: A Study of Tax Saving …

WebSalaried Class aims at study the awareness of tax planning measures among the salaried class. Index Terms: Tax planning, Tax payers, Tax planning measures I. INTRODUCTION India has one of the fastest growing service sectors in the world with an annual growth rate above 9% since 2001, which contributed to 57% of GDP in 2012-2013. WebThe main objective of tax planning is to use the various rules and regulations as per the Income Tax Act, 1961 to achieve a lower tax outgo. But there are a few additional … puntal boots

Income Tax Planning in India With Respect To Individual Assessee

Web20 hours ago · In addition, family pensioners opting for the new tax regime can claim a standard deduction of Rs 15,000 from their pension income. Soni highlighted that the rebate under section 87A has been hiked to Rs 7 lakh from Rs 5 lakh under the new tax regime. The rebate benefit will be up to Rs 25,000, provided income doesn't exceed the limit of 7 lakh. WebFeb 1, 2024 · Many issues, such as tax evasion, reliance on indirect taxes, black money, and the development of a parallel economy, indicate that the Indian tax system will require … WebThe Indian tax system is well structured and has a three-tier federal structure. The tax structure consists of the central government, state governments, and local municipal … punta mita house for rent