Quick Tips: Understand Deductions and Credits: Familiarize yourself with eligible tax deductions and credits. This knowledge can significantly reduce your taxable income. Common deductions include business expenses, home office deductions, and education-related expenses. Tax credits, on the other hand, can directly reduce your tax liability. 𝐁𝐞 𝐎𝐮𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫! Sign Up Here: https://register.fandstaxservice.com #taxes #taxseason #taxfiling #taxreturn #taxhelp #taxtips #taxaccountant #tax

It does feel a pinch when we pay income tax, especially when somebody points out that one could have saved it by using the different exemptions given by the government for individuals. Here are some tips from the very best in this field. The Time of India spoke to Preeti Sharma, Director, People Advisory Services, EY on how to plan and smart ways of reducing tax liability. | The Times of India