The document discusses tax planning in India. Tax planning aims to minimize tax liability legally through deductions, exemptions, and allowances. It differs from tax avoidance and evasion. Objectives of tax planning include reducing overall tax liability, economic stability, and growth. Types of tax planning include purposive planning with an objective in mind and permissive planning within the legal framework. The document also outlines types of taxpayers, heads of income, common tax deductions, and popular tax saving investments in India.

1. - Pooja Patel

2.  Tax planning is the analysis of one’s financial situation
from a tax efficiency point of view so as to plan one’s
finances in the most optimized manner.
 Tax planning is an exercise undertaken to minimize
tax liability through the best use of all available
allowances, deductions , exemptions etc to reduce
income or capital gains.
 Tax planning is a legal way of reducing income tax
liabilities
What is Tax Planning?

3. Tax Planning is Different
from Tax Avoidance and
Tax evasion

4.  Reduction in overall tax liability
 Economic stability
 Growth of economy
 Litigation minimization
 Productive investment.
Tax Planning Objectives:

5.  Purposive tax planning: Planning taxes with a
particular objective in mind
 Permissive tax planning: Tax planning that is under
the framework of law
 Long range and Short range tax planning: Planning
done at the start and end of a fiscal year respectively.
Types of Tax Planning:

6.  Individuals
 Hindu Undivided Family
 Company
 Firm Association of persons
 Local authority
 Other persons not included above
Types of Assesses

7.  Income from Salary
 Income from House Property
 Profits and Gains from Business
 Capital Gains
 Income from Other Sources
Heads of Income

8.  Save tax under Sec 80 c, Sec 80 ccc & Sec 80 ccd
 Save tax under Sec 80D.Sec 80 DD & Sec 80 DDB
 Tax Planning through Home loan
 Save Tax Through Education Loan u/s 80E
 Tax Planning of long term Capital Gains
 Income Tax Deductions for Donations u/s 80G
 Long term Capital Gains from the Sale of Equity
Shares.
Tax Planning in India

11.  Equity Link Saving Scheme
 Public Provident Fund
 Employee’s Provident Fund
 Unit linked Insurance Plan
 Traditional Insurance Plan
 National Pension Scheme
 5 years Post Office Time Deposits
Tax Saving Investments

12. Thank you