Paper Contents
Abstract
Professionals in financial matters understand the importance of tax planning as a tool to minimise tax obligations and maximise wealth accumulation. Salary earners, self-employed people, and company owners in India are all the targets of this investigation, which delves into their tax strategies. It delves into their preferred tax-saving tools, compliance tactics, and the relationship between tax planning and economic development.The study lays out important ways to save money on taxes, including investing in tax-exempt instruments (such the Public Provident Fund or an ELSS), taking use of deductions under Sections 80C to 80U, paying for health insurance, and investing in real estate. This research also looks at how experts make the most of both the old and new tax systems, as well as the impact of recent revisions including the Income Tax Act's new tax framework. The impact on wealth building is evaluated by looking at how investments that save taxes, long-term financial planning, and the expertsrisk-reward management skills add up over time. Tax avoidance tactics vary by occupation, income bracket, and degree of financial awareness, according to the research. Financial advisers and digital platforms play a crucial role in helping professionals with personalised tax planning.
Copyright
Copyright © 2025 PRAKASH KUNDNANI. This is an open access article distributed under the Creative Commons Attribution License.
