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| *Ostroff, Fair and Company>>>India Taxes |
Why is the tax rate so high in india and can you suggest me some legal ways to get rid of it or to reduce it? |
Why is the tax rate so high in india and can you suggest me some legal ways to get rid of it or to reduce it? You cannot get rid of tax, all you can do is reduce your tax liability within the legal framework of the Act, you can do that by taking advantage of many deductions available under the law with respect to certain expenses or when you invest in certain investments. For those ways you will have to look in to the Act yourself or take help of a Income Tax expert or a CA. Simple Dont earn lol You could leave India Tax rates are high for high Incompe ppple. There are many deductions available like Section 80C, House Loan intrest, Medical Insurance Premium and many others. If planned properly taxes can be saved to great investment legally and financial planning can be done Indian Income tax can be compared with the countries with lowest taxes in the world., and the absence of Estate duty and gift tax makes India a lesser taxed country., of course advent of service tax has resulted in some pain in the neck. All countries allow tax planning and there are ways and means of tax planning within the four corners of the law., Consult a CA or a Tax advocate to give you further practical guidance |
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