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"Conclusion @ Family Tax Planning "

 
Substantial tax saving is possible by adopting a holistic, family-wide tax planning. Do remember that your legally tax saved today is your future investment. Looking to the size of the family as well as the type of income and the age bracket of different family members the tax planning of the family has to take off. Also it should be remembered that tax saving is a reality come true which is easy to implement.

Presently for the financial year 2014-2015 the exemption limit for individual or an HUF is Rs. 2,00,000 it is high time that tax payers have a separate and independent income-tax file for every member of the family and thus enjoy tax free income for every member to the tune of `2,00,000. Women tax payers, moreover, will also enjoy exemption limit of `2,00,000. Similarly, the senior citizens (age 60 to 80 years) would really be very happy with an exemption limit of `2,50,000. However, the happiest would be very senior persons (age above 80 years) as they would enjoy tax exemption limit of `5,00,000 for the F.Y. 2012-20 13.

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More Topics ...
Introduction to Family Tax Planning
Family Tax Planning - Matter Of Making Gifts And Settlements
Family Tax Planning For A Nuclear Family
Family Tax Planning By DINKs (Double Income No Kids)
Family Tax Planning While Accepting Gift
Have A Trust For Your Prospective Spouse for Family Tax Planning
It Is Possible To Have Discretionary Trust - Family Tax Planning
Avoid Oral Trust towards Family Tax Planning
Conclusion @ Family Tax Planning
How To Avoid Clubbing Of Income Of Husband And Wife -Tax Planning
How To Avoid Clubbing Of Income Of Minor Child In Parent’s Income
Minor Child should have Separate Income Tax File for Tax Planning
Use Of Marriage For Family Tax Planning
Major Children Are Your Great Tax Savers for Family Tax Planning
Your Parents And In-Laws Can Save More Taxes For You
You May Plan To Save Income Tax For Your Successors
Separate Income Tax File For A Daughter-In-Law
 
 
 
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