Money Magazine ( Money logs )

Better job prospects, higher salary, attractive work environment, travel opportunities, unendurable circumstances in the present job, uncertainty or downsizing;  irrespective of the reason, you are likely to switch jobs at some point in your life.

Start your Tax Planning for March 31 2016 From Today ! You read it right. We are indeed talking about tax planning for the year 2016 and not 2015. Surprised? Don’t be. And all those who tell you that tax planning is a year-end activity are wrong.  In reality, tax planning is an activity, which should ideally be carried out during the start and not the end of the year. In all likelihood, you would have just finished the task of investing for the purpose of tax saving in 2015 about a month back.

Knowing how much of the income tax you have to pay for previous financial year can help you a lot with managing your finances better. For everyone who pays income tax, it’s absolutely a must thing to know how income tax they pay is calculated.

At the end of every financial year, many tax payers frantically make investments to minimize taxes, without adequate knowledge of the various available options. The Income Tax Act offers many more incentives and allowances, apart from the popular 80C, which could reduce tax liability substantially for the salaried individuals. Here are seven smart tips to help you save more and reduce taxes.