To study the look of individual revenue enhancement and tax saving instruments of individual revenue enhancement. By doing in order that they will set up earlier concerning their Tax savings instrument. Tax coming up with is a necessary a part of our monetary coming up with. Economical tax coming up with allows United States to scale back our liabilities to the minimum. This is often done by lawfully taking advantage of all tax exemptions, deductions below chapter VIA, rebates and allowances whereas guaranteeing that your investments are in line with their semi permanent goals. The aim of the study is to seek out the foremost appropriate and common tax saving instrument accustomed save tax and additionally to look at the number saved by victimization that instrument. Over all findings reveals that the foremost adopted tax saving instrument is Provident Fund, that got the primary rank during this study and therefore the second most adopted tax saving instrument is insurance policy.
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International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8 Issue-4S3, Blue Eyes Intelligence Engineering & Sciences Publication
Tax planning is one of the key aspects of financial planning from a tax perspective. Efficient tax planning enables every taxpayer to reduce the tax liability to the minimum. This is done by legitimately availing various tax exemptions, deductions under chapter VIA, rebates and allowances available under the Income Tax Act, 1961. The ever increasing functions of the government have naturally lead to increased expenditure, for instance, achieving the social and economic objectives laid down in the constitution, balancing regional economic growth, removing the concentration of economic power in few hands, reducing the inequality of income, and so on. The wealth of an individual is maximized by increasing the level of savings in various investment avenues. The key area of the research is to learn the appropriate popularly used tax saving instruments and also the factors influence the investment in those tax saving instruments. It is empirical research which will throw light upon the aspects of tax planning and ways to reduce the income tax liability.
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Wesleyan Journal of Research
Tax planning is not only a means of reducing tax liability but also a measure for taking maximum benefit of all the deduction exemption reliefs allowed under income tax provisions. The tax structure of country India is highly complicated which reduces the purchasing power of the individual to a high limit so in that case tax planning is the most suitable method as the best part of it is that come under the legal compliance and benefit in two ways i.e. right investment and reduced tax liability. In the current scenario women's role in the society is changing at a great level as they are not only becoming financial independent but also playing a major role in the financial decision making of family so it is very important for today's women's for having awareness about all tax planning measures. The aim of this paper is to study the awareness level among working women. It also studied about the various measures of tax planning and their investment pattern and preferences adopted by Indian women tax payers. The study conducted in the city Moradabad which is situated in the state Uttar Pradesh.
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Tax planning is something that analyses the financial situation to ensure that all the things work together to allow an individual to pay the lowest taxes possible. A plan that minimizes how much you pay in taxes is referred to as tax efficiency. Tax planning should be an essential part of an individual investor's financial plan. Purpose of this study is to understand tax, tax planning, tax management and to find out the most efficient way of getting tax benefits from numerous tax saving instruments.
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”, Financial Assets and Investing (FAI), ISSN (online): 1804–509X / ISSN (printed): 1804–5081
While enabling oneself eligible for deduction from the partial or total tax liabilities, choosing the best investment is one of the most important decisions a taxpayer in India can make. One of the alternative investment avenues, tax saving bonds in India is considered as an option to serve any investor with two purposes: tax saving and investment growth with almost zero risk. Majority of the investors in India consider investing in a financial instrument as a very critical decision when it comes to the risks in their investments. The present study is to explore how different attributes of a financial instrument (such as tax saving bonds) are perceived by the investors of a province in India. Results in this study indicate that while taxpayers continue to place too much emphasis on return from the investment and in particular tax benefits, interact with other critical firm and product specific attributes such as past performance, lock-in period, etc., to influence perceptions and evaluations of tax saving bonds.
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Global Journal of Multidisciplinary Studies
