Steps in Tax Planning India

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Steps in Tax Planning India:


There are three steps in Tax Planning India which would aid a person in making prudent tax plans to reduce their income tax liability and ensure a better tomorrow by making compulsory savings by investing in safe government schemes.


These three steps in tax planning are:


1. Calculating taxable income.


2. Calculating tax payable on gross taxable income for the entire financial year.


3. To either pay the tax without tax planning or minimize tax through planning.

 

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Steps in Tax Planning India:


There are three steps in Tax Planning India which would aid a person in making prudent tax plans to reduce their income tax liability and ensure a better tomorrow by making compulsory savings by investing in safe government schemes.


These three steps in tax planning are:


1. Calculating taxable income.


2. Calculating tax payable on gross taxable income for the entire financial year.


3. To either pay the tax without tax planning or minimize tax through planning.

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Here I am sharing Tax Planning Strategies, so please download and check it.