“Empirical Study on Fiancial Planning for Salaried Employees and Strategies for Tax”

Abstract

This paper intends to give a general overview of tax planning and tax-saving measures for Bengaluru's salaried workforce. Beginning with Bengaluru, where the cost of living is high and the tax burden can be large, the study discusses the value of financial planning for salaried workers.The paper then provides an overview of various tax saving options available to salaried employees in Bengaluru, including Section 80C investments, Housing loan interest deductions, and medical insurance. The study also provides insights into the most tax-efficient investment options for salaried workforce in Bengaluru and methods for maximizing tax benefits. Overall, the paper aims to provide practical and actionable advice for salaried employees in Bengaluru to help them better plan for their financial future and minimize their tax burden.