 Tax planning is an integral part of financial planning, optimizing on taxes can go a long way in enhancing the corpus that one builds for their financial goals. Tax planning and financial planning go hand in hand, the first step towards financial planning is to chalk out the key financial goals that one intends to achieve and aligning all investments including tax planning investments inline with these financial goals.Tax planning is an extremely important activity but lots of people adopt careless approach towards it. Most see this as necessity that must be fulfilled but has no relation with their investment goals or financial plans. We at IIFPL Instead of jumping at the first option that appears on the horizon with the promise of tax deduction, take calculated decisions & choose option that gives you dual benefits of tax reduction as well as good returns in the long term. TAX OPTIMISATION Tax optimisation also includes availing those tax benefits over and above the tax saving investments - HRA, Home Loans, LTA, Re-imbursements, etc to reduce the taxable income. Even items such as prudent sale of ESOPs could reduce the capital gains liability. Structuring your home loan in a tax efficient manner to increase your take home salary substantially.  TAX PLANNING PATHWAY
In these competitive times, doing things at the right time makes all the difference. So is it with your tax planning- timely and periodic tax planning lessens your burden during the financial year end. Proper tax planning is a basic duty of every person which should be carried out religiously. Basically, there are Six steps in tax planning exercise. They are as follows: SIX TAX PLANNING STEPS 
Most people rightly choose Option 'B'. Here you have to compare the advantages of several tax saving schemes and depending upon your age, social liabilities, tax slabs and personal preferences, decide upon a right mix of investments, which shall 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 Government. Therefore, through prudent tax planning not only income-tax liability is reduced but also a better future is ensured due to compulsory savings in highly safe Government schemes. We sincerely advise all our readers and clients to plan their investments in such a way, that the post-tax yield is the highest possible keeping in view the basic parameters of safety and liquidity  OUR ADVICE
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PRUDENT TAX PLANNING
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