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The process of organizing taxes is a basic duty of every person which should be carried out religiously. Basically, A total of three steps in tax planning exercise. These three steps in tax planning are calculate your taxable income under all heads ie, Income from salary, House property, Business & profession, Capital gains and income from other sources. Calculate tax payable on gross taxable income for whole financial year i. E.,From 1st april to 31st march utilizing a straightforward tax rate table, Given on next page. After you have calculated the quantity of your tax responsibilities you have two options available options to select from pay your tax no tax planning required minimize your tax through prudent tax planningmost people rightly choose option b . Here it's essential that you compare the advantages of several tax saving schemes and depending considering your age social liabilities, Tax slabs and decide upon, Personal preferences a right mix which shall, Of investments reduce your tax liability to zero or the minimum possible. Every citizen has a fundamental right to avail all the tax incentives provided by the through prudent, Government. Therefore tax planning not only income, Tax liability is reduced but also a better future is ensured due to required savings within highly safe government schemes. We sincerely advise all our readers and customers to strategize the capital they commit to such a way, That the post, Tax yield is the highest possible keeping in view the basic parameters of safety and liquidity