Tax Saving Scheme and Tax Saving Instruments of Income Tax in India (A.Y 2017-18 &2018-19) |
Author(s): |
| K. Saravanan , Bishop Heber College(Autonomous), Trichy, Tamil Nadu, India; Dr. K. Muthulaksmi, Bishop Heber College(Autonomous) |
Keywords: |
| Income Tax, Tax Saving Planning, Tax Avoidance, Tax Saving Scheme, Tax Saving Instruments |
Abstract |
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To study the planning of individual income tax and tax saving instruments of individual income tax. By doing so they can plan in advance about their Tax savings instrument. Tax planning is an essential part of our financial planning. Efficient tax planning enables us to reduce our tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions, tax saving scheme, deductions under chapter VIA, rebates and allowances while ensuring that your investments are in line with their long-term goals. The purpose of the study is to find out the most suitable and popular tax saving scheme and tax saving instrument used to save tax and also to examine the amount saved by using that instrument. |
Other Details |
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Paper ID: IJSRDV5I70430 Published in: Volume : 5, Issue : 7 Publication Date: 01/10/2017 Page(s): 755-759 |
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