Strategic tax planning to minimize your liability and maximize legal savings
Effective income tax planning is one of the most powerful tools to legally reduce your tax liability. With the right strategies, individuals and businesses can save significant amounts while remaining fully compliant with the Income Tax Act.
Our team of expert CAs at Paras Finance provides comprehensive income tax advisory covering investment planning, deduction optimization, advance tax calculation, response to tax notices, and restructuring of income to reduce overall tax outflow.
Whether you're a salaried individual looking to maximize 80C deductions, a business owner restructuring income, or a company facing a tax assessment — we provide strategic, customized advice tailored to your situation.
Advance tax is payable if your estimated tax liability for the year exceeds ₹10,000. It is paid in installments: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15.
Yes! Through investments in 80C instruments (ELSS, PPF, NSC), health insurance (80D), home loan interest (24b), NPS (80CCD), and donations (80G), you can significantly reduce your taxable income legally.
A scrutiny notice (under Section 143(2)) is issued when the Income Tax Department wants to verify the details in your return. We handle all correspondence and representation on your behalf.
Business tax planning involves choosing the right business structure, optimizing allowable deductions, depreciation planning, timing of income recognition, and utilization of set-off provisions for losses.
Our experts are available to guide you through the entire process with ease.