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Showing posts from December, 2021

Right Tax Planning

  Our prime goal is to earn money. We ourselves most of the time make it strenuous to make this goal a reality. People think sacrificing the luxury of life is the only way of attaining financial freedom. Frankly speaking it's a very cliché  thought. It made sense a century back but not now. Financial freedom is attainable through living a disciplined financial life. One needs to use the tax breaks intelligently which will increase the chances of achieving this goal on time. There are six wonder ways that can help to accelerate your efforts to financial freedom: 1. Thought full tax planning:   Income Tax Laws have many way outs to legally plan and reduce tax liability. Several deductions and exemptions can be availed while filling tax returns.    2. Structure your salary: Usually one gets too stuck on the CTC they are drawing from their organisation. One need to understand that the post tax salary can be increased intelligently structuring the various components of salary. T