Skip to main content

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. There should be a right balance between take home pay and tax liability as per financial situation and requirements.

3. Right Investment:

There are several eye catching investments in the market. One need to plan taxes and the same time create long term wealth by investing in such plans.

4. New home:

Buy a home, bring stability and as well as get tax benefits on both the principal and interest components of the Equated Monthly Instalments. 

5. Buy Life and Health Insurance:

Protect yourself by buying insurance coverage and as well as save tax. Premium paid on such insurance can get you save tax.

6. Deferred taxation of investments:

It is the most powerful strategy to save tax. The best example is mutual funds. The need is to use the inflation adjusted cost of acquisition to calculate long term capital gain which brings down tax liability. 


To solve all tax related issues and assistance you can contact Mr. Chandan Agarwal a renowned tax consultant from Kolkata.




 

Labels:
Location: Kolkata, West Bengal, India

Comments

Post a Comment

Popular posts from this blog

Success In Life As A Chartered Accountant – How To Become One?

Being successful in life is one of the biggest desires we all have in our mind. Every individual person is taking up accounts as their subject for graduation dream of becoming a successful chartered accountant one day. The path to success is however pitted with stones. To achieve something, you need to work hard for it. Do you want to become a successful, award winning chartered accountant like Chandan Agarwal ? If yes, you need to start rigorous preparation today. To attain the ultimate success in life, you need to be cautious about the fundamentals strategies to take for reaching your goals and also understand the hindrances on the path. 4 tips for becoming a leading Chartered Accountant: 1.     Proper Schooling: Where you study is essential for you career. Choose your college wisely. Choose a college that is reputed for offering finance related programs, producing CAs with forward thoughts. A thorough research on finance schools and their bes...
Post a Comment
Read more

Why Should Businesses Go For Risk Consultancy Services? Find Out!

A business without risk is unthinkable. Risk is an unavoidable thing when you are in business. There are different kinds of risks to face depending on the niches of business. Among types of risks for businesses, financial risk or loss is the area that can be controlled or evaded if your company thinks of hiring a chartered accountant like Chandan Agarwal . A chance of loss is always there for an organization if the financial risk is not monitored in time with the right person. A chartered accountant is a person who plans the best strategies to manage the financial losses taking place due to some assessed or under assessed risks in an organization. Due to the uncontrolled and unmanaged risks, businesses can mislay the value for shareholders as well as the significant resources. These risks can cause danger to the status of the repute of the company or business. What Would You Get from Risk Consultancy? There is no certain or frequent form of risk that a company or business faces; ea...
Post a Comment
Read more

5 Magical Study Tips For Chartered Accountancy Course

Do you aspire to be a chartered accountant like Chandan Agarwal? If so, then know that achieving chartered accountancy is not a child’s play. Neither is the journey of chartered accountancy a cake walk. Being a chartered accountancy is challenging which requires a lot of determination and effort. Many students ask how to prepare during the chartered accountancy course. First and foremost, you have to have a consistency in your academics. Sitting with your books for once or twice a week will not help. You have to regular in your studies and thorough with the classes. Here are some study tips provided by Chandan Agarwal & Co . to help studies come out with flying colors: 1.     Schedule your study time This is very basic of every academic background you pursue. Divide your entire day into four slots. Begin your studies with the subjects or papers or topics that you find difficult. Remember, avoiding difficult portions will not help you ace the exam. If...
Post a Comment
Read more