Tax is a financial term that is used commonly by people, and every person who is earning is liable to pay the accumulated tax amount. It acts as the primary source of revenue for the government, which is useful for implementing various initiatives and schemes and is imposed by both the State and Central Governments. It serves many purposes and is essential for the development, economic progress, and livelihood of the country. While the tax plan is used to implement various programs, it also helps in reducing economic inequality by redistributing wealth in the society. It is useful for the government for building schools, roads, judicial systems, financial law enforcement, and health institutions. The tax planing helps the people in reducing the burden and is useful for saving money for future use. Nowadays they provide tax planning services easily in all areas by the auditors and helps in the proper making of business and financial decisions. Tips To Save Income And Planning Finances