International Journal of Advanced Research and Development
International Journal of Advanced Research and Development
Vol. 2, Issue 3 (2017)
The tax planning is the essential part of financial planning. Efficient tax planning aims to reduce the tax liability of the tax payer. This done through identifies the tax deduction source investment and allocation of investment for minimizes the tax liability. Tax exemption, rebate tax allowances ensure that your investment in line with long term goal. There are many tax saving instruments available to tax payer such as PPF, NPF, ELSS, LIS, UTIM. The purpose of the study is examines the taxpayer investing pattern and how much they give important to minimize their tax from annual return form the investment. Over all findings the most of the tax payer prefers to invest some mutual fund ELSS fund such as (Axis, Reliance, Birla, SBI, DBS).
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