Tax Planning - A Must for Every Individual

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Tax Planning

• - Plan your tax smartly

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Introduction

• According to financial experts all across the
  world, financial planning is a must for all
  people.
• With financial management and proper articulate
  of the structure, one can get a clear picture of
  the inflow and outflow of money.
• Financial planning is also very important in
  covering the goals at the end of the year.

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Tax Planning

• Tax planning is very important part of financial
  planning.
• No one wants to spend his net income on paying
  taxes.
• Income tax, capital tax and inheritance tax are
  some of the important taxes that definitely needs
  to be planned.
• Strategic Planning should be structured out for
  saving taxes, and gaining the maximum benefits of
  tax deductions.
• It is very important that one should keep his
  eyes open for the entire year, because, according
  to unforeseen situations the things cannot be
  changed instantly.
• Hence, tax planning should be managed on the
  daily basis, despite of the fact of your income
  and assets.

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Tax Saving Tips

• Claim all your expenses.
• Claim all your allowances.
• Review your tax code.
• Review your affairs.
• Consult professional tax planner.
• Maximize your investment.
• Maximize your savings with life insurance and
  other policy schemes.

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Other Tax Saving Tips

• 401 (K) Tax Saving
• Charitable Funds/Contributions
• Job search expenses
• IRA Contributions

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Thank You