Tax Planning is one of the most important aspect of personal finance. However, 90% of financial mistakes by individuals in India are made during the tax planning sessions. Most of the individual fail to assess their tax liability and postpone the tax savings through last moment. 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 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.

Benefits of using Financial Wisdom’s Tax Planning Advisor: