Smart Tax Planning Moves to Make Before You Hit the ₹15 Lakh Income Bracket
Reaching the ₹15 lakh income mark is a major milestone. This is a sign that you are growing. But with higher income comes higher tax responsibility. Without the right planning, a large portion of your earnings can go toward taxes, reducing the benefits of your hard work. This is the ideal time to make smarter financial decisions. Whether you’re a salaried professional or an entrepreneur in Gurgaon, using a financial goal calculator or working with a financial goal planner can help you align your tax strategy with your future goals. So, let us understand all the aspects of proper tax planning here. Why Tax Planning Becomes Critical Near the ₹15 Lakh Mark Crossing ₹15 lakh in annual income feels rewarding, but it also places you in the highest tax slab under the old regime. If you don’t plan carefully at this stage, there is a chance that you will end up paying more. So, here are the pitfalls of missing on the mindful planning: 1. Your tax liability ri...