A Study on Investment Planning and Tax Management Strategies Among the Salaried Employees

Abstract

Introduction: Tax planning acts as the most essential financial plan that is drafted by the taxpayers.  The tax management strategies are highly essential for the taxpayers to help oneself reduce the tax burden. To understand this, the research paper focuses on investment planning and tax management strategies among the salaried employees.

Objectives: The research study aims at analysing the investments pattern and the tax planning strategies followed by the salaried employees. The main purpose of this study is to ensure that tax management helps in reducing the incidence of the tax to the maximum incidence.

Methods: The study is conducted in the city of Tiruchirappalli and the sample of the study includes salaried employees. Convenience sampling method was adopted to collect the data from 45 respondents. Structured questionnaire was used to collect the data.

Results: Various statistical tools were used to analyse the data. The findings of the study indicate the extent of awareness among salaried employees above tax saving schemes and their preference towards it.

Conclusions: The factors that influence their investment decisions are the respondents personal factors like security and safety of family and retirement benefits.