Achieve tax efficiency by attaining financial stability. Start with understanding income and categorising expenses—monthly spends, planned purchases, investments, insurance commitments, and loan repayments. Learn available tax deduction sections, like Section 80C for investments and insurance, and plan expenses accordingly. Execute the plan diligently, initiating investments early, making timely payments, and filing taxes promptly to avoid penalties. Consider professional help for comprehensive tax planning. These steps simplify tax planning, enabling prudent financial management and adaptation to the changing tax regulations.
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