RBWM: Concepts and Practice · Part D: Wealth Management

Chapter 20: Tax planning

Two regimes, one return: how the Income-tax Act, 2025 taxes a bank customer, and how to pay the least tax lawfully.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 20.1Planning, avoidance, evasion; the new Actp. 269
• 20.2The two regimesp. 270
• 20.3Deductions, and what one savesp. 271
• 20.4How a bank customer’s income is taxedp. 272
• 20.5Choosing the regimep. 273
• Exam traps and quick checksp. 274
• Practice: 16 questions in three roundsp. 275
• Answers, with every wrong option explainedp. 277
• Make it stickp. 279
• Chapter 20 on one pagep. 280

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.