Smart Moves for Year-Round Tax Planning

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 Tax Planning isn’t something to leave until March. Start early and spread your deductions across the year to reduce pressure. Salaried individuals can claim HRA, LTA, standard deductions, and Section 80C benefits like PPF, ELSS, and term insurance. For business owners, investing in depreciation, professional expenses, and tax-saving instruments can cut liabilities. Use Section 80D for medical insurance and 80G for donations. Also, consider NPS under 80CCD(1B) for an extra ₹50,000 deduction. By planning throughout the year, you not only save more but also avoid last-minute mistakes and penalties. Consult a professional if needed, but build awareness early.


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