Tax Planning is a legitimate strategy to lessen the Tax burden through available tax rebates, exemptions and benefits.

1. Tax planning is a legal approach to lowering the tax burden through tax benefits, deductions and exemptions. It has three types, i.e, permissive, purposive and short and long-range.

2.  It assists the tax payers in obtaining tax efficiency by adequately planning their expenses and accumulating savings.

3. The objectives of tax analysis are decreased litigation, financial stability, economic expansion, lessen total tax burden and profitable investment.