Remuneration Planning
Are you a salaried person looking for new avenues to save your tax expenditure?
Are you a salaried person apprehensive about taxation on bonus and stock options received?
The salary components are getting evolved more than anything day by day. And, frequent changes in tax law further complicates the situation of taxation. With less knowledge and information over the same, salaried persons often end up paying more taxes to the government without realising the full potential of the already available legitimate deductions in the market.
Aplite has got everything planned for you. We are a leading firm of Chartered Accountants and other professionals delivering financial and tax related services for more than 10 years in a row now. Our team of professionals have got the right expertise and pool of skills that is necessary to ensure seamless delivery of quality services to you.
Let us see in detail what aspects of remuneration planning are covered under our portfolio of services:
1. Tax Planning: Did you know that you are paying a large chunk of your taxes to the government only in the form of interest under various sections? This is a major area which people often tend to skip and thus, pay more taxes only in the form of interests and penalties. Similar to this, there are many other provisions that people at large are unaware of. This makes it extremely important to be fully aware of various forms of taxes that you are paying to the government and understand how to avoid and effectively plan out them.
Aplite brings to you its own suite of tax planning services wherein our professionals interact one-to-one with you and provide customised tax planning solutions as per your needs.
2. Component Taxation: As discussed earlier, the salary structures these days are more complicated than before with inclusion of newer components like employee stock option plans, contingent bonuses, gratuity etc. Every such component has got different set of tax rules governing them and thus, has to be looked at from a different angle every time. Did you know that every non-cash benefit and perquisite received by an employee from an employer is also taxable and has to be computed in a certain way?
If not, then don’t worry. We at Aplite are fully aware of your challenges and thus, we find ourselves in a more suitable position to guide you upon these matters. You just need to call us and let our professionals handle it from there.
3. Advance Tax Planning: Every individual having a yearly tax liability over a certain threshold limit is required to compute their taxes on an estimate basis and deposit the same quarterly. This is one area which most of the people are unaware of. In general, most of such liability gets covered by tax already deposited in the form of TDS, however, in cases like capital gains and other income where no such TDS is deducted, they often get skipped and impact the tax liability heavily at year end.
Aplite helps you in computing and planning your quarterly tax liability so as to avoid year end burden. This way, the tax liability gets distributed over the months and also saves you from various interests and penalties that come along. Thus, we highly recommend to plan your advance tax liability with us.