Tax Planning

Tax 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.
Our consultants make it a priority to enhance their mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
With the growing complexity & diversity of available options for tax planning purposes, it is important that we critically examine and bring across to you the new generation options available for investors in the present investment market.
There are various provisions in the Income Tax Act to save tax. The saving schemes one should opt, would depend on the persons income and the tax bracket he / she is in.
In other words investing in Equity Linked Savings Scheme (ELSS) may result in greater savings for one person while investing in PPF may result in better tax saving for another person. The Tax saving strategy should be finalised on an individual basis after discussion. For tax saving point view, the suitability of a scheme depends on which income tax slab one is in.
Equity Linked Saving Scheme (ELSS) Mutual Funds are ideal investments for tax saving as they are low cost, offer tax free returns, transparency and have a lock-in period of only three years. We select these Funds on the basis of the nature of their investments and consistent performance. One can invest in these funds either in lumpsum or through Monthly SIP. The investment in these funds is tax exempt under section 80C of Income Tax Act.

There are several advantages of investing in an ELSS which include:

  • You can invest up to Rs 1.50 lakh/year to save on taxes.
  • These funds show less volatility that most other equity funds.
  • You can opt for monthly SIP to lessen the burden of onetime investing.
  • Three-year lock-in is the lowest among tax saving instruments.
  • Advantages like lower cost, lower risks which are common to MF investing.

To invest in mutual funds, please feel free to talk to us or write to us mentioning your investment needs.