Logo
0%
Chimulkar Financial Services Logo
Get a no cost, no commitment assessment
Logo
About
About Us
Our Team
Prashant Pranav
Foundation
Services
Mutual Funds Retirement Planning Tax Planning Insurance Planning Education Savings Legacy Planning
Calculators
SIP Calculator Lump Sum SWP Calculator Inflation Calculator Lumpsum + SIP
Financial Literacy
Basics Workshops Video Lessons
NRI Hub Contact Us Refer Us
Log in or Create Account Get Free Assessment
Tax Planning Mobile Background

Tax Planning

Tax burden holds you back. Paying more than you have to?

Tax planning is the art of strategic financial decisions. It's about optimizing your investments and expenses to minimize tax liability and maximize savings.

Schedule my FREE Clarity Call

It’snot what you earn, but what you Keep!

Image 1 Image 2 Image 4 Image 3

The Scramble

The end of the financial year often brings stress and last-minute decisions. You might be focused on hurriedly making investments just to save on taxes, without considering your long-term goals. What you need is a smarter, more strategic way to approach your finances.

Your Blueprint

Move from a last-minute scramble to a year-round strategy.Build a proactive blueprint that uses smart, tax-efficient investment products to legally and effectively reduce your tax implications while building a strong financial future.

Did you Know?

Only 28% Indians proactively plan tax-saving investments

According to a research paper on IJRAR.org, most Indian tax-payers wait until the last quarter, often making rushed and sub-optimal investment decisions. 57% are uncertain or lack sufficient knowledge of the tax deductions available.

About Tax Planning

Targeting tax efficiency through informed choices

Tax planning should be a year-round strategy, not a last-minute scramble in March. We provide information on tax-efficient investment avenues under current regulations, helping you understand how different asset classes impact your post-tax returns. By optimizing your portfolio for tax efficiency, we help ensure that more of your hard-earned money stays working for your long-term goals.

Watch more Videos

Our Approach

We believe tax planning should be a seamless part of your financial journey. Our process is designed to be clear and focused on your investment goals.

Your financial Snapshot

We start by understanding your current financial picture and longterm objectives. Our goal is to help you see your tax situation as part of your overall wealth-building journey, not just an annual task.

A Strategic Review

We help you strategically review your investment options. We 'll guide you through understanding how different tax-saving instruments fit into a comprehensive plan for asset allocation and capital gains

Seamless Execution

Once you have enough clarity, we help you invest in your chosen tax-saving products. It’s about putting your plan into action with confidence, so you can focus on what matters.

Your Advantage

When you partner with us, rest assured you are in highly capable hands.

Couple using Laptop

Regulated & Reliable

Our team is registered and regulated by authorities like IRDAI, ensuring we operate with the highest standards of integrity.

Experienced & Knowledgeable

Our team is well-qualified and experienced across all aspects of personal finance, from wealth creation to risk management.

Goal-Oriented Partnership

We are fully aligned with your goals and interests, not with pushing random products. Because, our success is tied to yours.

Kind & Human

We offer a non-judgmental space for your financial questions and concerns, because everyone deserves a partner who is both an expert and a guide.

Did you Know?

Frequent changes in tax law confuse 55% of taxpayers

According to a research paper on IJRAR.org, 80%+ of Indian taxpayers never consult a professional. Complexity and shifting rules lead to missed deductions, mistaken filings, and under-utilisation of incentives.

The Peace of Mind You Deserve

Tax season doesn't have to be a source of stress. We help you find peace of mind by providing clarity on how you can reduce your tax burden strategically.

Meditating woman

Financial Discipline

Move beyond the year-end scramble. Turn taxsaving from a chore into a disciplined, yearround habit, freeing you from end-of-financialyear panic.

Strategic Savings

Tax planning is not about avoiding taxes, it's about making smart decisions that not only reduce your tax liability but also build a powerful, long-term portfolio for your future

Money works harder

Every rupee saved because of efficient tax planning could go back into your investible corpus and in turn has the potential to compound into a significant amount over time.

Clarity and confidence

Knowing the "what" and "why" behind your financial decisions gives you power. You’ll be empowered with a clear understanding of your plan, leaving no room for guesswork

Use our Calculators

SIP Calculator

For small, regular investments

Lumpsum Calculator

For one-time investments

Inflation Calculator

For future value or costs

SWP Calculator

For regular withdrawals

It’s time to take Control

Let's have a conversation about your tax and financial goals. Our free clarity call is the perfect opportunity to discuss how you can make your money work harder for you.

Schedule my FREE Clarity Call

Partners for all your goals

We’ll guide and support you though all money moments and milestones.

Manage money better

Go on a Dream Vacation

Eliminate money stress

Educate your children

Change career or job

Trim and wipe out debt

Save and invest smarter

Buy your dream home

Frequently Asked Questions

Everything You Need to Know

Tax planning is the process of arranging your financial affairs in a legal and strategic way to reduce your tax liability. It's important because it helps you keep more of your hard-earned money and ensures you make thoughtful, long-term investments rather than rushed, end-of-year decisions.
No, tax planning is completely legal and is a key part of financial management. Tax evasion is illegally avoiding taxes. Tax planning, on the other hand, involves using the deductions and exemptions provided by tax laws to optimize your financial position.
Asset allocation is the process of diversifying your investments across different asset classes like equities and debt. A well-designed allocation can help you manage risk and strategically use various investment products to optimize your tax liabilities over time, as different assets have different tax treatments.
A capital gain is the profit you make when you sell an asset (like a stock or a mutual fund unit) for a price higher than your purchase price. This gain is subject to capital gains tax.
Yes, for tax purposes, capital gains are considered a type of income. However, they are taxed separately from your regular income (like salary) and have their own set of rules and tax rates.
Capital gains are classified based on the holding period of the investment. A long-term capital gain is from an investment held for a specific duration (e.g., more than one year for equity mutual funds), which is often taxed at a lower rate or is exempt up to a certain limit. A short-term capital gain is from an investment held for a shorter period, and it is taxed at a different rate. The specific duration and tax rate vary by asset class.
Yes, the Income Tax Act provides various exemptions and deductions on capital gains, depending on the asset and the holding period. For instance, gains from the sale of long-term equity mutual fund units may be exempt up to a certain amount in a financial year.
There is no single "best" option. The ideal choice depends on your specific financial goals, risk tolerance, and time horizon. Some options like ELSS mutual funds offer market-linked returns with a shorter lock-in period, while others like PPF or NPS provide stability with a longer-term horizon. It is important to choose an option that aligns with your personal financial strategy.
The Old Tax Regime allows you to claim various exemptions and deductions (like HRA, LTA, and investments under Section 80C) to reduce your taxable income. The New Tax Regime offers lower tax slabs and rates but removes most of these exemptions and deductions. As a taxpayer, you have the option to choose between the two regimes each financial year.
The choice between the Old and New Tax Regimes is highly personal and depends on your specific financial situation. The "better" regime for you is the one that results in a lower tax liability. To make the best decision, you should calculate your taxes under both regimes, taking into account all the deductions you are eligible to claim.
Schedule Free clarity call