research paper on tax saving instruments

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Factors Affecting Tax Payers’ Decisions in Saving Tax by Investing in Tax Saving Bonds: A Study in U.P. State, India

2014, ”, 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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International Res Jour Managt Socio Human

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.

International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8 Issue-4S3, Blue Eyes Intelligence Engineering & Sciences Publication

Khavi Priya Bagya Lakshmi

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.

Simon Kgomo

Wesleyan Journal of Research

Surabhi Goyal

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.

EPRA International Journal of Environmental Economics, Commerce and Educational Management

Shalini Ojha

The concept of rationality, has been studied in many theories till now but a new challenge in the field has emerged, Behavioral biases. The world today has recognized the relevance of behaviorism in decision making. The empirical evidence of stock market investors being influenced by Behaviorism is in abundance, but the database fails to present such information about behavioral impact on tax saving instruments. This study is an attempt to unveil the effect of biases on the part of investors while choosing tax saving instruments and add to the existing knowledge of literature on behavioral finance. A sample survey has been conducted through a structured questionnaire incorporating the convenience sampling technique. The biases selected from the behavior finance literature has been kept limited to Herd Behavior and Over Confidence pertaining to lack of literature. Chi square test has been used for the test of hypothesis. A significant association can be seen among age groups and their tendency to be biased. The findings of the study show an influence of biases in the selection of tax saving avenues which differ on specific demographic terms i.e., Age Group. Hence, a cogent argument can be placed on the relevance of behavior biases in tax saving decisions.

Journal ijmr.net.in(UGC Approved)

Investment is the employment of funds with the aim of getting return on it. It is the commitment of funds which have been saved from current consumption with the hope that some benefits will accrue in future. Thus, it is a reward for waiting for money. So the first step to investment is savings. In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. In a broader sense, saving is typically used to refer to economizing, cutting costs, or to rescuing someone or something. In terms of personal finance, saving refers to preserving money for future use-typically by putting it on deposit – this is distinct from investment where there is an element of risk. The study on people's choice in Investment Choices has been undertaken with the objective, to analyze the investment choice of people in Thanjavur District. Analysis of the study was undertaken with the help of survey conducted. After analysis and interpretation of data it is concluded that in Thanjavur District respondents are medium aware about various investment choices but they do not know aware about stock market, equity, bound and debentures. The study is conducted by taking a limited number of sample sizes which is

International Journal

Investment management & financial innovations

Dharmesh K Mishra

DOAJ (DOAJ: Directory of Open Access Journals)

YASEMiN COŞKUN

Manish Kumar

Globalisation and liberalisation have brought the individual investors on the front foot in terms of investment opportunities. In the present time an individual investor has several types of investment avenues to choose from. But with this convenience emerged a serious problem, requirement of complex decision making to select the most fruitful investment. Furthermore, tax related issues with the investments also lead to bad financial decisions. Only a financially literate person can make the correct decision and select the optimum investment avenue. The current research studies the concepts of financial literacy and tax literacy, special focus on tax literacy and tax awareness, need of these concepts and determining various factors which affects the level of tax literacy and awareness of an individual. The study has a special relevance because studies have shown that tax literacy significantly influence the selection of correct investment instrument. Also, tax literacy increase tax morale, tax ethics and tax compliance of the tax payers.

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A Research Project Report ON: Omparative Study ON TAX Saving
Arpitha K
Tax Saving Instrument Infographic
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(PDF) Income Tax Planning: A Study of Tax Saving Instruments

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COMMENTS

Tax Saving Instruments of Income Tax in India: A Study on Tax Assessee in Trichy City
and popular t ax saving instrument used to save tax. and also to examine the amount saved by using that. instrument. Over all findings reveals that the most. adopted tax saving instrument is ...
PDF A Study on Awareness and Perception regarding Tax Saving Instruments
Tax planning is the process of analyzing a financial plan or a situation from a tax perspective. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency. Tax Saving Instrument involves selection of the right kind of instruments / schemes with an aim of maximizing returns.
PDF A Study on the Awareness of Tax Saving Instruments of ...
In this study respondence rank various tax saving instruments according to their priority. The most adopted tax saving instrument is deduction under 80C, which got the first rank in this study. The second most adopted tax saving instrument is u/s 80EE ie, tax deduction for interest on home loan upto Rs. 50,000.
PDF Tax Planning Through Tax-saving Instruments: a Study on Salaried
1.2 Equity Linked Savings Schemes (ELSS): ELSS is a type of mutual fund that primarily invests in equities and offers tax benefits under Section 80C. Investments in ELSS funds are subject to a lock-in period of three years and provide potential for higher returns compared to traditional tax-saving instruments.
A Study on the Usage of Tax Saving Instruments among Individual
It is empirical research which will throw light upon the aspects of tax planning and ways to reduce the income tax liability. Keywords: Tax-saving instruments; tax planning; deductions; the individual assessee. 1. INTRODUCTION 1.1 Tax Law in India Income-tax is the most significant direct tax.
Income Tax Planning: A Study of Tax Saving Instruments
www.irjcjournals.org 87 International Journal of Management and Social Sciences Research (IJMSSR) Volume 2, No. 5, May 2013 ISSN: 2319-4421 Investment in Tax Saving Instruments Tax saving investment no. of respondent 25 23 20 20 18 <10,000 10,000-30,000 15 30,000-50,000 10 50,000-70,000 6 5 70,000-90,000 3 0 1 Tax saving amount in Rs.
PDF Tax Saving Investment Strategies among Salaried Individuals in
instrument. His findings revels that the most adopted tax saving instrument is Life Insurance policy, and the second most adopted tax saving instrument is Provident Fund. (R Vasanthi, 2015) in this research paper research explain the importance of tax planning and how it has
Answering Savings Puzzle About Small Saving Schemes and Mutual Funds
Favourable impacts of taxation on interest incomes have been reported in delve 88 while tax rate uncertainty, 60 taxation policy change 89 likely to lower savings in risky instruments as well as have been causing delay in the saving decisions. 90 Scholars have concluded that tax is an important parameter for saving decisions 91 especially stock ...
Awareness and Perception Regarding Tax Saving Instruments among
The study attempted to know the awareness and perception regarding various tax saving instruments available to save the tax to the teachers of higher education. The study conducted to determine the taxsaving investment options which are preferred to save tax and what the factors are considered before making investment decisions. Descriptive statistics used to analyze the data collected through ...
PDF A Study of Tax Saving Schemes Adopted by Individual Assessee
International Journal of Research in Engineering, Science and Management Volume-1, Issue-10, October-2018 www.ijresm.com | ISSN (Online): 2581-5782 230 Abstract—The aim of the paper "A study of tax saving schemes adopted by individual assessee" is to spread awareness about the
PDF Factors Affecting Taxpayers' Decisions in Saving Tax by Investing in
tax savings instruments, tax saving bonds, unfortunately, are not very popular. ... In fact, there is a plethora of studies, research papers and literatures available on investors' attitude towards investments in Mutual Funds, Equity Linked Saving Schemes (ELSS), Insurance and many other financial instruments but not a single ...
PDF Tax Planning and Tax Saving Instruments
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 07 Issue: 12 | Dec 2020 www.irjet.net p-ISSN: 2395-0072 ... tax saving instruments under section 80C with tax exemption of Rs.1.5 lakh on insurance premium. Returns is fixed depending upon the rate of interest set by the insurance company. ...
PDF "To Study the Perception of Income Tax Planning With Respect ...
International Journal of Research Publication and Reviews, Vol 3, no 4, pp 928-936, April 2022 ... To study the planning of individual income tax and tax saving instruments of individual income tax. By doing so we can plan in advance about their Tax savings instrument. Tax planning is an essential part of our financial planning.
PDF A Study on Tax Planning for Salaried Employees and Strategies for Tax
strategies for tax savings. The study reveals that most of the salaried employees are not aware about the benefits of tax saving investments like ULIPS, NPS and NSC, Life insurance, health insurance as well as PPF are the popular investment options. The study provide the suggestion is identify what you needs, wants and savings.
A Study of Awareness and Perception Regarding Tax Saving Options Among
Search 218,589,849 papers from all fields of science. Search. Sign In Create ... The study attempted to know the awareness and perception regarding various tax saving instruments available to save the tax to the teachers of higher education. The study conducted to ... This research study helps in identifying how one can gain benefits of Indian
PDF A Study on Awareness of Investment in Tax Saving Products
various tax saving instruments available to save the tax to the teachers of higher education. The teachers are well aware of the various deductions, reliefs, and rebates available as per the Indian income tax act. ... and full tax benefits. Arora & Monika (Research Scholar, 2019) research paper is related with sensitive and personal financial
PDF Evaluation of Tax Saving Investment Strategies Among Salaried ...
JETIR2302546 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org f382 EVALUATION OF TAX SAVING INVESTMENT STRATEGIES AMONG SALARIED INDIVIDUALS ... Keywords: Financial planning, Tax saving strategy, Tax planning, Tax saving instruments. INTRODUCTION OF THE STUDY TAX ON INCOME: Direct taxes on citizens' income are ...
PDF A Study on Financial Planning for Salaried Employee and Strategies for
Savita and Lokesh Gautam (2013), Tax Planning: A study of Tax Saving Instruments, International Journal of Management and Social Sciences Research (IJMSSR), The paper studied the options for investments for tax savings, the object of the study was to find the most popular form of investment for tax savings. It was observed
(PDF) Factors Affecting Tax Payers' Decisions in Saving Tax by
In fact, there is a plethora of studies, research papers and literatures available on investors' attitude towards investments in Mutual Funds, Equity Linked Saving Schemes (ELSS), Insurance and many other financial instruments but not a single study, in the researchers' knowledge, was conducted on Tax Saving Bonds (TSBs) so far.
PDF Impact of Income and Occupation on Selection of Tax Saving Instruments
Tax Saving Instruments Abstract In India, disparity in income due to the occupation persuade by the individual led to different tax saving ... In her research paper attempted to find out the relationship between the investment objectives and the demographic profile of the investor. The study showed a significant
A Study on the Awareness of Tax Saving Instruments of ...
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