CXdea

  Don’t Just File Taxes — Plan Them Smartly and Save Big Every year, many individuals pay more tax than they should — not because they earn too much, but because they don't plan. Smart tax planning isn’t about finding loopholes; it’s about understanding the benefits already available within the law. By making informed decisions—like taking reductions for contributing to retirement funds, utilising insurance deductions, and claiming allowable expenses. It can significantly reduce your taxable income while securing your financial future. In this article, we’ll explore how a few simple, lawful steps can help you maximize your savings and create long-term financial stability. Because at the end of the day, the money you save through smart planning is just as valuable as the money you earn. Retirement Fund Contribution: A natural person may claim a reduction for contributions made to an approved retirement fund (like EPF, CIT, or similar schemes). The reduction is allowed up to the lowe...