Tag: tax planning

Tax Planning: What NOT to do!

The biggest goal of planning your taxes beforehand is to pay less income tax. But what we fail to foresee is that by planning our taxes smartly, we not only save a ton of money but we also get a chance to boost our overall financial portfolio. When it comes to strategizing your tax planning, one size does NOT fit all. Tax planning involves analyzing your current financial situation from the point of view of your taxes. This helps you in optimizing your finances and make the most of the various tax exemptions and deductions available. Continue reading “Tax Planning: What NOT to do!”

Haste Makes Waste – Steer Clear Of Reckless Investing In The New Year

The beginning of the New Year brings us closer to the end of the financial year. So, after bringing in New Year with a bang, people are now scramming to fill up their tax declarations and making last-minute attempts to save money on taxes. While on the surface this seems like the smart thing to do, in actuality the last financial quarter is the least ideal time to begin new investments. Why, you ask? Read on to find out. Continue reading “Haste Makes Waste – Steer Clear Of Reckless Investing In The New Year”

April To-Do: A Secure 2018-19

April might start with a fool’s day but a smart and a wise wo/man will realize the importance of this financial month. Planning your finances for the whole year in April will

  • keep you stress-free for the whole year regarding money matters
  • prevent you from taking investment decisions just to save tax at the end of the year
  • help you review your financial plan and plan timely for any contingency or a setback

Continue reading “April To-Do: A Secure 2018-19”

Is tax planning a part of your financial planning?

tax-pie-chart

It’s that time of the year when you’ll get to see big queues outside all the offices which sell products that allows you a rebate u/s 80C. Isn’t it? You also must be having a lot of questions about where should you invest to fulfil the limit of Rs.1.5 lacs. Have you ever thought why people worry about it only in the month of March every year? The sole reason for this is, because for most of us tax planning is a one-time ritual that is performed only when you near the last date to do so. We rush so that we can save ourselves from paying taxes in the month of July or September. Continue reading “Is tax planning a part of your financial planning?”