What is it?
Tax planning uses provisions of the Income Tax Act — such as deductions and choice of regime — to arrange your finances efficiently and lawfully.
Key Features
- Old vs new regime comparison
- ELSS, PPF, NPS and insurance options
- Capital gains awareness
Potential Benefits
- Potentially lower tax outgo
- Aligns tax-saving with goals
Risks
- Tax laws change frequently
- Lock-ins on some instruments
Who May Consider It?
- Salaried individuals, professionals and business owners
Frequently asked questions
1. Which tax regime is better?
It depends on your income and eligible deductions. Consult a qualified tax advisor.
Related in Plan
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