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Business plan with Tax Planning. By: Namita Goel Senior Partner Goel, Gupta, Maheshwari & Associates. Business Plan. Creating a Business Plan Every Business Plan must have: Cover Page Table of Contents Executive Summary Development and Production Resource Requirement
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Business plan with Tax Planning By: Namita Goel Senior Partner Goel, Gupta, Maheshwari & Associates.
Business Plan • Creating a Business Plan • Every Business Plan must have: • Cover Page • Table of Contents • Executive Summary • Development and Production • Resource Requirement • Format and Presentation • Writing and Editing • Summary
Form of Business Organisation • Choosing a Form of Business Organisation • Sole Proprietorship • Private Limited Company • Partnership Firm • Co-operatives • Public Limited Company • Joint Hindu Family Business • Limited Liability Partnership (LLP)
Tax Planning • Income tax slabs 2011-2012 for General tax payers Income tax slab (in Rs.) Tax • 0 to 1,80,000 No tax • 1,80,001 to 5,00,000 10% • 5,00,001 to 8,00,000 20% • Above 8,00,000 30% Income tax slabs 2011-2012 for Women • 0 to 1,90,000 No tax • 1,90,001 to 5,00,000 10% • 5,00,001 to 8,00,000 20% • Above 8,00,000 30% Income tax slabs 2011-2012 for Senior citizen (Aged 60 years but less than 80 years) • 0 to 2,50,000 No tax • 2,50,001 to 5,00,000 10% • 5,00,001 to 8,00,000 20% • Above 8,00,000 30% Income tax slabs 2011-2012 for Very Senior citizen (Above 80 years) • 0 to 5,00,000 0% • 5,00,001 to 8,00,000 20% • Above 8,00,000 30%
Tax Savings • U/S 80C • U/S 80D • U/S 80DD • U/S 80DDB • U/S 80E • U/S 80G • U/S 80GG • U/S 80U