Tax planning is an important part of personal finance management. Proper tax planning helps to reduce tax liabilities by making the most of the tax benefits available under the IT Act, 1961. There are some common mistakes that most of us do which affect our tax savings, so let’s ensure to avoid them this year. 1. Delaying tax planning till last moment: Many individuals start their tax planning only when their employer asks to submit the investment proofs. Hence, they don’t have sufficient time t

Budget 2023-24: Revised Income Tax Slabs Under New Tax Regime | Indiatimes

Quick Tips: Understand Deductions and Credits: Familiarize yourself with eligible tax deductions and credits. This knowledge can significantly reduce your taxable income. Common deductions include business expenses, home office deductions, and education-related expenses. Tax credits, on the other hand, can directly reduce your tax liability. 𝐁𝐞 𝐎𝐮𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫! Sign Up Here: https://register.fandstaxservice.com #taxes #taxseason #taxfiling #taxreturn #taxhelp #taxtips #taxaccountant #tax