HOW TO MAKE THE RIGHT PERSONAL INCOME TAX PLANNING

Abstract

The article titled “How to make the right personal income tax planning” is an academic article. Its objective is to present the right planning in each case of personal tax matters. The income tax payers will know tax benefits which law provides for them. They also know how tax benefits can result in tax saving. By comparing the results from tax payment planning with cases not planning to use the tax benefits, examples are comprised of separating tax units and distributing income, increasing expenses and allowances, including the use of income that are exempt by law and a choice paying tax at a lower tax rate. This article will help an individual understands tax planning and its own income tax more and more.