How To Save Income Tax

Whether you are a citizen of the United States, UK, Europe or any other countries in Asia such as China, India, and Japan, you would be surely interested in knowing how to save income tax. Every country has its own policies, laws, acts and regulations on how to charge income tax, rates of income tax for individuals and companies, tax exemption and tax saving policies and schemes to encourage saving and investments. So, it you want to learn how to save income tax, you should read the current rules and regulations on personal income tax in your country.





There are many countries in the world that have introduced tax credits, tax rate deductions, tax exemptions and tax savings for retirement savings, education saving and many other proposals and schemes to boost consumption and growth of economy. In many countries, there are tax laws for reduced tax rates on capital gains. Thus, if you know the various schemes for tax savings, you can save substantial amount of income tax. Sometimes, the proposals are such that it becomes difficult for the common Joe to interpret the rules and in such cases, you might have to consult tax experts to understand how you can get the maximum benefits from any tax saving schemes.