Tax Saving Investment Strategies among Salaried Individuals in Aurangabad City
Siddhaarth Dhongde1, Vilas Epper2
1Prof. Siddhaarth R. Dhongde*, Associate Professor, Amity business School Mumbai, Amity University, Maharashtra, India.
2Dr. Vilas Epper, Senior Professor, Dr. Babasaheb Ambedkar University Auranganad, India.
Manuscript received on June 08, 2020. | Revised Manuscript received on June 17, 2020. | Manuscript published on June 30, 2020. | PP: 113-118 | Volume-4, Issue-10, June 2020. | Retrieval Number: J09840641020/2020©BEIESP | DOI: 10.35940/ijmh.J0984.0641020
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: “This is too difficult for a mathematician. It takes a philosopher. The hardest thing in the world to understand is the income tax.” –Albert Einstein Tax Management. Tax Management is an activity conducted by the tax payer to reduce the tax liability and maximize the use of all available deductions, allowances, exclusions, as per income tax act 1961. It is a techniques to prepare strategy of financial planning for longer term goal. In this paper analyzing investment products for tax saving purpose. The objective behind this research paper is to understand tax saving investment Management strategies among salaried induvial. On the same point view this research is an attempt to understand investment preference pattern and tax saving investment patterns among salaried individuals. Study outcomes reveals that the foremost adopted combination of tax saving instrument are PPF (Public Provident Fund), which got the primary rank during this study and therefore the other are Children education , LIC , Home Loan, NPS and other priority gives to Medical Insurance, National saving certificates ,Fixed Deposits and ELSS.
Keywords: Investment Avenues, Income Tax, Tax Management, Financial Planning, Investment goals.