Has there been an April morning in your life when you have woken up and decided to do your tax planning? Most salaried individuals keep their tax planning for the last minute. And then at the end of the financial year, it is not uncommon for individuals to scramble to get their tax investment proofs. In fact, in most cases, individuals start looking for tax saving products to invest only when their employer sets a deadline for submission of the documents. If such a scenario plays out in your working life year-after-year, you are in for a financial disaster. In a hurry to meet the deadline, most people end up buying wrong products. One of the worst money mistakes is to buy financial products that you don’t need. The right way to do your tax planning is to start at the beginning of a new financial year, which is right now.
Why in April?
