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If you can avoid the errors in your tax return, you can conserve a great deal of time and effort. 3 A 3. All individuals spend tax @ 15.00 % of the income over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and income source. There is a fine line between tax evasion and tax avoidance. Tax avoidance is legal while tax evasion is criminal. Should you desire to pursue advanced tax planning, distinct you do this with wise decision of a tax professional that is going to defend the tactic to the Federal government.

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