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Income Tax planning is one of the most important aspects of personal finance. It forms an integral part of our savings plans and future plans. However, 90% of financial mistakes by individuals in India are made during the tax planning season. Most of the individuals fail to assess their tax liability and postpone the tax savings to last minute. Hence in India, tax planning is given more importance only during the last two quarters of the financial year. Due to these reasons, they end up paying unnecessary taxes or opt for unnecessary tax savings. Strategies for income tax planning in India often concentrate more on deduction under section 80C of the income tax code. Tax planning should be considered as an integral part of an overall financial plan. This would help individuals in optimizing their tax planning strategies.

You may have often encountered problems in assessing your actual tax liability. As a result you end up paying more than required amount in form of taxes or buy unnecessary financial products. Also taking tax planning tips from friends and family who may not be experts, affects your overall financial plan.

Good tax planning services advocates paying taxes smartly by utilizing the provisions in the Tax Laws to minimize the tax liability. The best tax saving plan will include a holistic view of the impact of your tax savings on your financial goals.

The tax planning services by MyTaxBuddy helps you in optimizing tax planning by:

• Knowing your tax liability
• Providing Comprehensive assessment of all tax related deductions that are already available in the form of house rent, provident fund, health and life insurance etc.
• Knowing the impact of tax savings on your available surplus.
• Evaluating all your tax saving investments based on their merit.

Just give us a call. We will have your tax related counselling session at nominal charges. We will give you best tax planning tips. Use the tax planning tips to design a best tax saving plan. Your tax related unnecessary purchases can be reduced by 80%. Using our helpline get a detailed tax assessment. MyTaxBuddy also helps you evaluate all your existing tax saving investments and makes recommendations on future tax planning. Avoid unnecessary tax mistakes that cause money outflow in the name of tax savings.