Authors: Priti Pandurang Dudhal, Professor. Bhaskar Lendave
Abstract: Tax planning plays a vital role in the financial management of salaried employees. Since salaried individuals earn fixed income and are subject to Tax Deducted at Source (TDS), proper tax planning helps reduce tax liability and increase savings. The present study aims to analyze the tax planning management practices adopted by salaried employees, their awareness regarding tax-saving provisions, investment preferences, and factors influencing their tax-related decisions. The research is descriptive in nature and is based on primary data collected from 101 salaried employees through a structured questionnaire. Secondary data was collected from books, journals, government websites, and research articles. The findings reveal that most respondents prefer traditional tax-saving instruments such as Provident Fund, Life Insurance, and Public Provident Fund (PPF). Many employees perform tax planning only at the end of the financial year and possess moderate awareness regarding tax provisions like Section 80C and 80D. The study concludes that although salaried employees are aware of basic tax-saving opportunities, there is a need for improved financial literacy, systematic planning, and professional guidance for effective tax management.
