Services

Tax Planning

Tax Planning refers to the analysis of the financial position concerning the payable tax liability. Tax Planning enables the person to reduce tax liability legally. Tax Planning is

an important component of Financial Planning. Financial Planning has got a larger perspective. Tax Planning is equally important for both individual and Businessmen. It helps them in rationalizing their tax liabilities.

Steps in Tax Planning

The following are the steps in Tax Planning

Forecasting of Total Income and Taxable Income: The total income for the year to be estimated in advance. Based on the total income and taxable income also to be estimated. This will help in proper tax planning for the ensuing financial year.

Investment and Expenses: Once expected total income for the year is known. The expenses and the amount available for investment can be estimated. Investment in tax savings schemes may be started at the beginning of the year. We may start investing in Equity Linked Savings Scheme of Mutual Funds through monthly SIP or start contributing to the PPF scheme. This will reduce the pressure at the fag end of the financial year.

Assessing Tax Liability Regularly

During the year tax liability is to be assessed regularly based on the income. This will help in keeping the tab on tax liability so that there will be no panic at the end of the year.

Filing of Income Tax Return(ITR)

We must file our Income Tax Return at the end of the year within time to avoid any penalty. It’s our morel duty for our nation & help to grow nation also

Paying Advance Tax

As per the forecast of the tax liability, if advance tax is to be paid we must pay the same within the stipulated time to avoid interest for the delayed period.

Safekeeping of documents

All the documents viz; Details of investments, Transactions, Bank statements, etc are to be kept safely in one place. It is advisable to maintain the same financial year wise.

Insurance Planning

Covering yourself under the umbrella of insurance is extremely important especially for breadwinners who are supporting their families alone. Insurance planning is primarily concerned with ensuring in covering against all the risks, which remain prevalent in our routine lives. The planning of insurance is an important attribute of life, which cannot be ignored at any cost.

Whether it is concerned with buying a dream house, accumulation of wealth, pay check or even covering basic human needs, the role of a successful insurance planning cannot be ignored. You must not believe that proper insurance planning can allow you to receive the same benefits by charging you lesser premium than before.

Bear in mind, insurance is an important risk management tool that can protect you and your family from financial hardship caused by unplanned events. In order to make this whole process more affluent,we work with our clients to identify your risks and implement cost-effective risk management program that has been developed with your specific circumstances and requirements in mind. Insurance recommendations provided by our Insurance Planning Services include:

  • Life Insurance
  • Health Insurance
  • Personal Accident Insurance
  • Income Protection Insurance
  • Child Cover

Under the guidance of our sharp minded employees, you can get an opportunity to receive wider insurance coverage and interestingly at low premium rates. Consideration of your overall needs, deciding what type of life insurance can best meet with your needs and other service related queries are actively answered by our efficient financial advisory team.

A well planned insurance policy of ours can help you out in obtaining excellent financial security of both life and asset in mind. Along with this, if you are suffering by paying more than half of your profits on taxation then do not worry at all as some of our insurance planning services facilities allow you to eliminate tax related expenses greatly. Contact us immediately!

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