Tax exemption allows individuals and corporations (taxpayers) to apply for deductions or reductions of taxes on compulsory periodic payments. Companies offering tax planning in India help ensure that your income and transactions are free from taxes at the central and state level. Only a particular section of the population meets the eligibility criteria and can apply for tax exemption with the help of tax planning services. For instance, the current income tax exemption limit for individuals, HUF below 60 years, and NRIs – is up to Rs. 2,50,000.

There are no limits to the number of tax-free financial instruments individuals or corporations can hold. Tax planning schemes and associated services help individuals and corporations opt for the best tax saving schemes in India, including numerous types of tax-free financial instruments. However, individuals and corporations must also note that there is a limit of deduction specifically under which one can claim the maximum tax benefits. Companies with expertise in tax planning in India can help you, and your organization navigates different sections of the Income Tax Act – to save significant sums in taxes.

Tax planning and management experts at Swyom can help you bring down your outgoing tax amount while simultaneously increasing the tax refund amount. Apart from that, registered and consistent taxpayers (both individuals and corporations) are allowed to claim up to Rs 1.5 lakhs on tax benefits on rudimentary expenses such as home loans, education loans or tuition fees, Public Provident Fund, ELSS, National Saving Certificate, etc. – so, you must maximize your annual tax contribution under section 80C.

Tax planning schemes and associated services deliver exceptional results in the long run, help identify suitable financial instruments, and allocate assets strategically. The tax planning schemes also help individuals and corporations save a significant sum on taxes. Tax saving schemes are another aspect of tax planning and management that is incorporated to aid individuals and corporate houses save on annual taxes.

Taxes levied on your holding depend on the type of financial instrument you’ve opted for. Capital gain taxes are levied on investments when investors liquidate the asset at a profit. On the other hand, numerous funds and financial products produce taxable interest payments. However, there are tax-free investment products as well – investors or the tax planning schemes provider must assess investments prior to opting for a financial instrument. Investors, individuals, and corporations must submit taxes on dividend earnings, rental payments, and other forms of income. Companies with expertise in tax planning in India help navigate taxes associated with your capital investments.