#Tax-Planning

3.1 Taxation Planning

• We should try to reduce the effective taxation amount by making proper Tax planning
• Try to avoid tax but don't evade tax
• Taxable Income = Salary - Exemption - Deduction

Tax Planning

• Tax planning for Salaried person has been already discussed
• Taxable Income = Salary - Exemption - Deduction
• read here

Below will check tax planning for Professions and Business