Benefits of Tax Planning

Jiyo Bangla's Host RJ Rakesh was in conversation with Amit Rathi, your preferred wealth planner on India's first Digital Investment Programme, Business Buzz. They talked about tax planning and its importance in financial planning and reaching your financial goals.

In this episode, we understood that tax planning and financial planning are closely linked because taxes are such a large expense item we go through in life. While our government’s Income Tax rules are currently more complicated than ever, the benefits of a well-planned tax are definitely more valuable. If you want to save tax, keep an eye on your income and expenses. There’s no way you can evade tax which is not illegal and it’s a road better not taken.

The analysis of your financial situation is important from a tax efficiency point of view. We should read up on the current laws and perks provided by our government to become an efficient tax planner and get the most out of it. It allows us to make the best use of the various tax exemptions, deductions and the benefits that minimize tax liability over a financial year.

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