Tax planning / tax avoidance / tax evasion

Tax planning
arrangement of ones financial and economic affairs by taking complete legitimate benefit of all deductions , exemptions,
allowances and rebates so that tax liability reduces to minimum.
tax avoidance- the line of tax planning and tax avoidance is very thin and blurred.
legitimate arrangement of affairs in such a way as to minimize tax liability.
tax evasion-all methods by which tax liability is illegally avoided.tax evasion is not tax ommision.
tax evasion is unlawful .
tax evasion is intentional attempt to avoid