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Tax Planning

Tax evasion is illegal. Tax Planning isn’t. Smart people minimizee tax burden legally.Paying taxes is our duty – We cannot completely do away with taxes but we can surely reduce them to a great extent. Each year, the budget consists of new provisions and exemptions to reduce or increase tax liability.This is where we come in the picture. Based on each individual’s profile, we apply exemptions to reduce their tax liability

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Our consultants make it is our priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year & not just at the end of the year.

With the growing complexity & diversity of available options for tax planning purposes, it is important that we critically examine and bring across to you the new generation options available for investors in the present investment market.

There are various provisions in the Income Tax Act to save tax. The saving schemes one should opt for would depend on the persons income and the tax bracket he / she is in. In other words investing in Equity Linked Savings Scheme may result in greater savings for one person while investing in PPF may result in better tax saving for another person. The Tax saving strategy should be finalised on an individual basis after discussion.

Tax considerations affect virtually every financial decision your family makes. For that reason, Mpower Financial Services team–based approach is designed to integrate professional tax planning with all aspects of your financial picture, not just to provide short-term benefits, but also in an effort to minimize long–term tax implications. We provide periodic tax–planning meetings, payment analyses and cash flow planning.