Introduction to Tax

Tax planning is an important part of financial planning. Efficient tax planning enables one to reduce tax liability. With the wealth manager’s advice, the client will pay the right amount of tax. This is done by legitimately taking advantage of all tax exemptions, deductions rebates and allowances while ensuring that the investments are in line with the person’s long term goals.

Tax planning does not include the following actions.

• Tax evasion. It involves planning of income sources and investments. It is not tax evasion which is illegal under Indian laws.
• Blindly investing. One must not put money blindly into any investments avenues.

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