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2. Long-Term Tax Planning
Long-term tax planning involves strategic financial decisions taken at the beginning of one’s career or financial year, with a focus on consistent savings over time. Investments like Public Provident Fund (PPF), National Pension System (NPS), and Sukanya Samriddhi Yojana are prime examples. This approach not only reduces taxes but also helps in wealth accumulation, retirement preparation, and achieving long-term financial security.
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2. Long-Term Tax Planning
Long-term tax planning involves strategic financial decisions taken at the beginning of one’s career or financial year, with a focus on consistent savings over time. Investments like Public Provident Fund (PPF), National Pension System (NPS), and Sukanya Samriddhi Yojana are prime examples. This approach not only reduces taxes but also helps in wealth accumulation, retirement preparation, and achieving long-term financial security.