This project studies the tax planning for individuals assessed to Income Tax.
The study relates to non-specific and generalized tax planning, eliminating the need of sample/population analysis.
Basic methodology implemented in this study is subjected to various pros & cons, and diverse insurance plans at different income levels of individual assessees.
This study may include comparative and analytical study of more than one tax saving plans and instruments.
This study covers individual income tax assessees only and does not hold good for corporate taxpayers.
The tax rates, insurance plans, and premium are all subject to FY 2007-08 only.