|
Go to Page Number - 1 2 3 4
|
|
4Ps
TAX PLANNING? for 2009-10 Naah... It’s wealth creation!!!
4Ps
|
| |
 DON’T FORGET THE GOLDEN RULES!
Divide and Rule: Spread the taxable income among various members in your family to reduce the tax liability. Though, it’s not possible to actually divide one’s income amongst different members of the family, but, one can play on the concept by intelligently using the facility of gifts and settlements.
Take Full Advantage: Always take full advantage of tax exemptions, deductions and rebates available to a tax payer under the various sections of the law. Also never forget to identify and deduct part of your incomes that are exempted from the purview of Income Tax Act.
Restructure your Income: Restructuring the salary and including certain components can go a long way in reducing the tax liability. This can be done by make optimum use of tax-exempted incomes and including components like food coupons, medical reimbursement, transport allowance, et al.
Keep it Smart and simple: Tax planning should always be kept simple, hassle-free to avoid unnecessary chaos. Tax payer should never over do it.
Early bird gets the worm: One should always keep in mind that it’s never too early for effective tax planning. In fact, the early you start it, the more organised and rewarding it can turn out to be.
|
| |
|
|
|
4Ps
|
|
|
| |
|
