A Financial Friend advisor helps manage your finances effectively by offering expert advice in areas such as:
Customized financial strategies designed to align with your unique goals, lifestyle, and financial situation.
Secure your future with long-term investment solutions tailored to your retirement objectives.
Filter and manage investments based on your goals, risk tolerance, and prevailing market conditions.
Implement efficient repayment strategies to minimize interest costs and manage liabilities effectively.
Employ legal methods to minimize tax liabilities and retain more of your income through strategic planning.
Ensure seamless asset transfer to beneficiaries through comprehensive estate planning.
Build an emergency fund to handle unexpected financial challenges and maintain financial stability.
Find the right health and term insurance plans to safeguard your financial well-being.
Tax Planning is more than just filing returns — it’s about making strategic decisions that safeguard your income and build your future. Our approach to tax planning ensures that you maximize savings legally, minimize liabilities, and align your finances with long-term goals.
Discover smarter ways to save with tax strategies tailored to your unique income sources, deductions, and investments — all crafted to fit your personal financial landscape.
Experience seamless tax planning with personalized support from India's leading financial advisors who ensure accuracy, compliance, and peace of mind.
From income tax optimization and HNI tax structuring to investment-linked exemptions and business planning — we offer full-spectrum solutions for all your tax needs.
Analyzing income sources to identify applicable deductions and exemptions.
Choosing tax-efficient investments like ELSS, PPF, or NPS to reduce taxable income.
Tracking deductible expenses such as insurance premiums, home loan interest, and tuition fees.
Maintaining accurate records and ensuring timely filing to avoid penalties.
Optimizing tax outflows for self-employed professionals and businesses through strategic structuring.
Projecting liabilities and planning payments to avoid year-end financial pressure.
Tax planning is essential to legally reduce your tax burden, increase savings, and improve overall financial efficiency. It ensures you’re making the most of available deductions, exemptions, and government-backed schemes. Without tax planning, you may end up overpaying taxes or missing out on long-term savings opportunities.
Tax Planning empowers you to make informed financial decisions, stay compliant, and retain more of your income — all while supporting your broader financial goals.
Tax planning involves organizing your finances to maximize tax efficiency. It ensures you pay the least amount of tax legally possible by utilizing various deductions, exemptions, and benefits available under the Income Tax Act.
Effective tax planning helps you:
● Reduce your tax liability
● Increase savings and investments
● Ensure compliance with tax laws
● Achieve financial goals more efficiently
Key components include:
● Understanding your income sources
● Identifying applicable deductions and exemptions
● Choosing the appropriate tax regime (old vs. new)
● Investing in tax-saving instruments like PPF, ELSS, and NPS
The old regime offers various deductions and exemptions, while the new regime provides lower tax rates but without most deductions. Choosing between them depends on your income structure and eligible deductions.
Under Section 80C, you can claim deductions up to ₹1.5 lakh by investing in:
● Public Provident Fund (PPF)
● Employee Provident Fund (EPF)
● Equity-Linked Saving Scheme (ELSS)
● National Savings Certificate (NSC)
● 5-year fixed deposits
Yes, additional deductions include:
● Section 80D: Health insurance premiums
● Section 80E: Education loan interest
● Section 80G: Donations to charitable institutions
● Section 24(b): Home loan interest
You can claim:
● Up to ₹1.5 lakh under Section 80C for principal repayment
● Up to ₹2 lakh under Section 24(b) for interest payment
The financial year (FY) is the period during which you earn income, running from April 1 to March 31. The assessment year (AY) is the following year when you file your return and pay taxes on the income earned in the FY.
If your income is below ₹2.5 lakh (for individuals below 60 years), filing a return isn't mandatory. However, it's advisable to file to claim refunds or as proof of income.
Form 16 is a certificate issued by your employer detailing your salary and the tax deducted at source (TDS). It's essential for filing your income tax return.
Tax Deducted at Source (TDS) is the tax deducted by the payer (like an employer or bank) before making payment to you. It's reflected in Form 26AS and can be claimed while filing your return.
Yes, you can claim eligible deductions not mentioned in Form 16 while filing your return, provided you have the necessary proof and documentation.
The usual deadline is July 31st of the assessment year. However, it may vary, so it's essential to stay updated with official announcements.
You can file a belated return before December 31st of the assessment year, but it may attract a late filing fee and interest on any tax due.
You can view your Form 26AS on the Income Tax Department's e-filing portal, which provides details of TDS, tax payments, and refunds.
Advance Tax is the income tax paid in installments during the financial year, applicable when your tax liability exceeds ₹10,000 in a year.
Yes, senior citizens (60-79 years) have a higher exemption limit of ₹3 lakh, and super senior citizens (80 years and above) have ₹5 lakh. They also enjoy exemptions from Advance Tax if they don't have business income.
Investing in specified assets like 54EC bonds or purchasing a new residential property within stipulated timeframes can help you claim exemptions on capital gains.
Agricultural income is exempt from tax. However, it's considered for rate purposes when calculating tax on non-agricultural income.
At Financial Friend, we offer personalized tax planning strategies tailored to your financial goals. Whether it's optimizing deductions, choosing the right tax regime, or investment planning, we're here to help. Contact us at +91 9981998013 for expert guidance.
We are a team of dedicated financial experts committed to guiding you towards financial growth and success.
