Tax Planning
Tax Planning
Yas Assignments Pvt Ltd. (Tax and accounts consultant) is an firm in the field of advising Investors and Tax Payers. We have a qualified team of professionals providing expert advice. He has other expertise related to Payroll Operations, GST and VAT. Advising more than 100 Organisation Govt. and non Govt.
Tax planning is a way to organize your finances so you can pay the right amount of taxes while keeping more money for your needs and goals. It means making smart choices about earning, saving, and spending money to take advantage of legal tax benefits. For example, putting money into certain accounts like retirement, savings or using deductions like education or medical expenses can help lower the amount of taxes you owe.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. Not just to provide short-term benefits, but also in an effort to minimize long–term tax implications. We provide periodic tax–planning meetings, payment analyses and cash flow planning.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. Mr. Arvind Singh Yadav, Tax Consultant, having experience of more than 20 year in advising investors has joined hand with us to providing his expertise. He is expert in-
Our consultants make it a priority to stay at the forefront of current tax laws, complex codes, and new regulations by attending frequent seminars. We ensure businesses and individuals pay the lowest taxes allowable by low, proactively minimizing your tax liability year-round-not just at year-end.
There are various provisions in the Income Tax Act to save tax. The saving schemes, one should opt for, would depend on the persons income and the tax bracket he / she is in.
Tax considerations affect virtually every financial decision your family makes. For that reason, Monetize Capital team–based approach is designed to integrate professional tax planning with all aspects of your financial picture, not just to provide short-term benefits, but also in an effort to minimize long–term tax implications. We provide periodic tax–planning meetings, payment analyses and cash flow planning.
Key Changes in taxation in Budget
For the financial year 2025-26, India's Finance Minister, Nirmala Sitharaman, introduced significant reforms to the personal income tax structure under the new tax regime, aiming to enhance the spending power of the middle class and stimulate economic growth.
Key Changes:
Increased Tax Exemption Threshold:
The personal tax exemption limit has been raised, with income up to ₹1.2 million (₹12 lakh) now being tax-free.
Revised Income Tax Slabs:
The tax slabs under the new regime have been restructured to provide relief to taxpayers. The updated tax rates are as follows:
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 4,00,000 | Nil |
| 4,00,001 to 8,00,000 | 5% |
| 8,00,001 to 12,00,000 | 10% |
| 12,00,001 to 16,00,000 | 15% |
| 16,00,001 to 20,00,000 | 20% |
| 20,00,001 to 24,00,000 | 25% |
| Above 24,00,000 | 30% |
Source: - EN.WIKIPEDIA.ORG
Standard Deduction:
The standard deduction has been increased from ₹50,000 to ₹75,000, providing additional relief to salaried individuals.
What is Meant by Tax Planning
Tax planning is the process of organizing one’s financial affairs in such a way as to minimize the amount of income tax that must be paid. It involves looking at the various tax laws and regulations and taking advantage of any deductions, credits, or exemptions that are available in order to reduce one’s tax liability. Tax planning can be done on an ongoing basis throughout the year, or it can be done as part of the annual tax preparation process.
Some examples of tax planning strategies include:
Maximizing deductions:
Take advantage of all available deductions, such as those for charitable donations, mortgage interest, and business expenses, in order to reduce your taxable income.Tax-efficient investments:
Choosing investments that are tax-efficient, such as those that generate tax-free or tax-deferred income, in order to reduce your tax liability.Retirement savings:
Making contributions to tax-advantaged retirement accounts, in order to reduce your taxable income.Tax-loss harvesting:
Selling investments that have decreased in value in order to offset capital gains and reduce your tax liability.Tax-free income:
Look for ways to generate income that is tax-free, such as interest from municipal bonds, in order to reduce your tax liability.We as a financial planner is dedicated to help you in protecting your financial stability and prepare for the unexpected. Contact us today to schedule a consultation and take the first step towards creating a plan for emergency situations.
