What is tax planning?
Tax planning is the strategic approach to lower your tax liabilities. It helps you take full advantage of exemptions, deductions, and benefits to minimise your tax burden effectively.
Tax planning also forms a significant part of your financial plan. Smart tax planning makes all your financial plans work together seamlessly, maximising your long-term benefits.
How can we help you with tax planning
Optimise Deductions & Exemptions
Our financial advisors will ensure you claim every eligible deduction and exemption available, minimising your taxable income and lowering your tax liability.
Personalised Solutions
Tax planning is never a one-size-fits-all approach. That's why our strategies are tailored to your specific needs and goals. We assist you in choosing tax-efficient investment vehicles, selecting the appropriate tax regime, and utilising strategic tax loss harvesting to optimise your taxes.
Holistic Financial Planning
Tax planning is just one piece of the puzzle. We offer holistic financial planning that consider all aspects of your financial life. We make sure that tax planning integrates seamlessly with other key areas such as investment planning, insurance planning, loan planning, and most importantly, retirement planning.
Complimentary ITR Filing
Our complimentary ITR filing solution removes the hassle from tax filing. We'll guide you through every step with dedicated assistance, all-around support, 100% transparency, and zero-error filing.
Case study
Discover how effective tax planning can make all the difference between saving thousands and losing lakhs.
With tax planning
Raj saved thousands
Client Background
Raj, a dynamic professional, experienced significant career growth, switching jobs twice within a year and seeing his salary jump from ₹24 lakhs to ₹42 lakhs. However, his final employer didn't account for his previous incomes, leading to a ₹3.25 lakh tax shortfall.
Consequences
Raj faced a ₹3.25 lakh tax shortfall due to unaccounted previous salaries by his final employer. Without intervention, this would have resulted in significant interest charges and financial stress.
Solution
With our expert tax planning advice, Raj proactively settled his tax liabilities by March 24, sidestepping interest charges. This strategic move saved him over ₹12,000 and ensured seamless tax management.
Without tax planning
Rakesh lost lakhs
Background
Rakesh, another ambitious professional, also changed jobs twice within a year, each time securing a higher salary. However, he overlooked adjusting his tax deductions to reflect his increased income.
Consequences
When tax season arrived, Rakesh faced an unexpected shock: he owed over ₹2 lakhs in taxes and interest. This caused significant stress and forced him to borrow money from a friend.
Solution
Unfortunately, Rakesh did not seek proactive tax planning advice. Had he done so, he could have adjusted his tax deductions appropriately and avoided the financial stress and interest charges he faced.
Reduce your tax liabilities by strategically planning your taxes.
Schedule your 1st consultation for FREE
What do you get with 1 Finance?
Greater Financial Efficiency
Proper tax planning can save you a substantial amount of money. That's where we come in. We take a holistic view of your finances to ensure you never miss a chance for potential savings.
Optimised Tax Deductions
We make sure none of your eligible deductions are overlooked. By leveraging all available deductions and exemptions, we ensure maximum efficiency in your tax planning.
Personalised Action Plan
Every financial situation is unique. That's why we develop tax strategies that align with your overall finances, helping you achieve optimal tax efficiency and long-term savings.
We empower your financial future
Smart tax planning is integral to your financial plan. At 1 Finance we ensure your taxes are always considered throughout your financial journey.
Holistic financial planning that extends beyond just taxes, making us your one-stop solution for all your financial needs.
Personalised advice tailored to your financial personality with Moneysign®.
Custom strategies ensuring tax savings while complying with the Income Tax Act, 1961.
Ready to maximise your tax savings?
With a solid tax plan, you can reduce your tax liability and keep more of your hard-earned money.
Schedule your 1st consultation for FREE