Want to reduce your Tax liabilities?

Tax planning in India holds a significant position in any financial plan, and if you are thinking about financial investment, tax efficiency, and fund growths, you need to focus on Tax planning and management.

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What is Tax Planning?

A good tax planning process focuses on the following tax-related objectives:

  • .01Reducing the Individual Tax Liability and enabling taxpayers to save money
  • .02Channelizing funds to income-generating options for legitimate inflow of funds
  • .03Timely payment of tax, and prevention of tax litigations
  • .04Building Sound Tax management portfolios
With an effective tax planning expert by your side, Individuals (whether private persons/ small entrepreneurs/ small sized businesses) can streamline their tax-related expenses. By planning the tax as per the Taxes management act 1970, we at FinDynamics help customers minimize risks and purposefully leverage their savings.

How FinDynamics handles Tax Planning Services?

FinDynamics caters to individual clients who aim to reduce their tax-related liabilities. We monitor, advise tax-saving strategies and our efforts go much ahead of just the conventional tax compliance methods that companies follow. In a nutshell, we focus on studying and implementing the latest tax laws along with the complex tax regulations, in a manner that companies have directed their tax allocations in the right manner.

Types of Tax Plans in India

Many types of Tax Plans introduced in India have been brought into reality by the Government and other financial organizations reduce the tax-paying burdens of the people. If invested rightly, fund growth will be possible.

Following are the prominent types of services included in Tax Planning:

Purposive Tax Planning

This finance option is purpose-based, and accordingly certain tax saver instruments will be used to meet that purpose. Based on your income, properties, other assets, a lucrative tax plan will the executed by the team.

Purposive Tax Planning

We work to save tax and not to evade tax. As per the Indian taxation laws, we take into account various tax deductions, exemptions, incentives, etc, and then suggest the right tax planning strategy that individuals in Indian can adopt.

Short Range Tax Planning

This as the name suggests, is when tax is planned for a short period of time. It will help reduce the tax liability by the end of the financial year.

Long Range Tax Planning

On the contrary to short-term tax plans, we have long-term tax planning, wherein the taxpayer has to have a plan charted out for the whole year. This will bring in tax benefits and is noted to be more useful for people.

How can I save taxes for the present year?

Section 80E

Claim Interest on education for children or self.

Section 80GG

Not a salaried employee or not getting HRA? Claim your accommodation rent for the financial year.

Salaried employee

Claim a deduction of Rs 40,000 from your yearly taxes.

Life Insurance

The surrender value of Life insurance is exempted from tax for 2 years.

ULIPS

Unit Linked Insurance Plans are exempted for five years.

Section 80DDB

Medical treatment expenses on certain diseases qualify for tax exemption, and it can be availed by dependants or even self

Want to ask about Tax Planning?

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