If you’re a small business owner or freelancer in India, you know the struggle — every rupee you earn matters, and so does every rupee you pay in taxes. But what if you could save more with just a few smart tweaks? As a regular contributor at TidyCounts, I, CA Vivek Maheshwari, am passionate about ethical, actionable, and transparent tax advisory. Over years of consulting, I’ve empowered individuals to hold onto more of their hard-earned income — not by cutting corners, but by applying proven, ethical strategies tailored to the Indian scenario.

5 Simple Ways to Reduce Your Tax

See the visually engaging infographic below for a quick overview:

1

Make the Most of Section 80Cs

Have you maximized your ₹1.5 lakh limit under Section 80C yet? By investing in instruments like ELSS, PPF, NSC, or even paying your children’s tuition fees, you not only secure your financial future but also reduce your taxable income.

2

Don’t Miss Out on Business Expense Claims

Whether you run a consultancy or freelance, keep track of every allowable business expense — from your internet bills to office rent and depreciation on digital devices. Only actual and clearly documented expenses are eligible, so make record-keeping a habit!

3

Take Advantage of Section 44ADA (for Professionals)

Are you a professional (like architects, designers, or consultants) with turnover below ₹50 lakh? Under Section 44ADA, you can declare 50% of your receipts as profit (taxable), and the rest is presumed spent — making compliance simple and reducing your tax base.

4

Invest in Health Insurance (Section 80D)

Protect your family’s health and save on taxes by investing in medical insurance. Premiums paid for yourself, your spouse, children, and parents are deductible up to ₹75,000, depending on their age.

5

Utilize the Power of HUFs (Hindu Undivided Family)

If eligible, forming a HUF is a legitimate way to split income and claim separate tax exemptions. It’s a traditional tool still relevant in modern times for Indian families and entrepreneurs.

Personal Note from CA Vivek Maheshwari

Over the years, I’ve seen countless individuals lose out on their rightful savings due to poor planning or misinformation. At TidyCounts, my team and I focus on smart and ethical tax advisory, guiding you personally through every new rule or exemption, and helping you file accurately, on time, and confidently. Don’t let taxes overwhelm you — let us help you optimize them, the right way.

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Why Choose TidyCounts for Tax Planning?

  • Personalized, ethical advice
  • Expertise in India’s evolving tax landscape
  • Simple tools & infographics for easy understanding
  • Support for small business owners and freelancers

Ready to save more on your taxes? Reach out to CA Vivek Maheshwari at TidyCounts and start your journey towards smarter tax management today!

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