Are you a salaried individual seeking new ways to minimize your tax expenditure? Are you concerned about the taxation on bonuses and stock options you’ve received?

The landscape of salary components is continually evolving, and frequent changes in tax laws add to the complexity. Due to limited knowledge, salaried individuals often end up paying more taxes without fully realizing the potential of available legitimate deductions.

K K Baranwal & Associates has a comprehensive plan for you. As a leading firm of Chartered Accountants and other professionals with over a decade of experience, we specialize in delivering financial and tax-related services. Our team of professionals possesses the expertise and skills necessary to ensure the seamless delivery of quality services tailored to your needs.

Let Us See In Detail What Aspects Of Remuneration Planning Are Covered Under Our Portfolio Of Services:

  1. Tax Planning: Are you aware that a significant portion of your taxes is paid to the government in the form of interest under various sections? Many individuals overlook this critical area, leading to higher tax payments in the form of interests and penalties. Our suite of tax planning services provides personalized solutions through one-to-one interactions with our professionals. We ensure that you are fully informed about the various taxes you pay and guide you on effective planning strategies.
  2. Component Taxation: With modern salary structures incorporating complex components like employee stock option plans, contingent bonuses, and gratuity, understanding the distinct tax rules for each element is crucial. Non-cash benefits and perquisites received by employees are also taxable and require specific computation. Recognizing the challenges in these areas, we stand ready to guide you through the intricacies. Reach out to us, and our professionals will handle the complexities on your behalf.
  3. Advance Tax Planning: Individuals with a yearly tax liability exceeding a certain threshold are obligated to estimate and deposit their taxes quarterly. This aspect often goes unnoticed by many. While most liabilities are covered by Tax Deducted at Source (TDS), certain incomes, like capital gains, lack such deductions, impacting the tax liability significantly at year-end.

We assist you in computing and planning your quarterly tax liability, ensuring a distributed burden throughout the year. This proactive approach not only avoids year-end financial strain but also prevents the accrual of interests and penalties. We highly recommend collaborating with us for effective advance tax planning.