Difference Between Tax Planning and Tax Management
Both tax planning and tax management can help us minimise taxes and ensure legal compliance, but they often need clarification as the same. Every taxpayer needs to understand the difference…
How to Save Tax for a Salary Above 10 Lakhs?
The tax system in our country is progressive, meaning that as a taxpayer's income increases, the tax rate applied to that income also rises. This system makes sure that the…
Do I need to pay Tax on Inherited money, assets or property?
Receiving an inheritance, whether expected or not, often brings a sense of warmth, knowing that someone valued and cared for you enough to leave something behind. However, this pleasant feeling…
Budget 2024 Highlights: Key Takeaways from the Budget Speech
The Finance Minister, Nirmala Sitharaman, presented the Interim Union Budget for the financial year 2024-25 in Parliament on 1st Feb, 2024. This marks her sixth budget and is the final…
Best Tax Saving Investment Options for FY 2024-25
At the end of the day, an investor aims to gain the maximum possible return on their investments, and achieving maximum returns also means minimising liabilities, especially in terms of…
Corporate Tax Planning in India: Definition, Objectives & Strategies
Every taxpayer strives to pay the least tax possible, and corporations are no different. Tax planning does just that. It uses techniques that help legally reduce the amount of taxes…