#taxavoidence Tag

The Voluntary Provident Fund (VPF) – A Comprehensive Guide

For individuals aiming to maximize their savings while enjoying significant tax benefits, the Voluntary Provident Fund (VPF) presents an attractive option. The VPF, a government-backed scheme, extends beyond the mandatory Employees’ Provident Fund (EPF), offering enhanced returns and flexible investment opportunities. This comprehensive guide covers everything you need to know about...

Difference Between Tax- Planning, Avoidance & Evasion

Whether salaried individual or business owner, every person who is liable to pay income tax definitely tries to minimize the tax liability, at least for once. Even though it is unethical to save income tax and not pay the required tax amount as per your income, taxpayers still choose the following ways to minimize their tax liability;  Although these terms may sound similar and they...