Tax and Estate Planning

Tax Planning includes planning of income, expenses and investments in a tax efficient manner to gain maximum benefit of prevailing tax laws. One should consider the following while planning for tax.

Current usage of all available tax benefits – Optimal or Sub Optimal
Ways in which tax liability can be reduced and increase tax –adjusted returns on investments.
Changes in the tax laws that may affect cash flows, investments and savings.
Effect of Capital gains on investments.
Tax Liability for the previous year.
Ways to avoid just the year-end tax saving and do strategic tax planning.