Journal Press India^®

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Of late, the issue of taxation has come in the forefront after a series of amendments made in the tax regime. Taxation is one of the important aspects of financial literacy in the current scenario as it is vital for a taxpayer to know what taxes he/she is required to pay to the government every year. One of the important components of financial planning is tax management. Tax management refers to taxpayer’s ability to manage personal taxation issues such as computation of tax liability, tax savings, and payment of taxes on time and timely filing of tax return. In order to handle the issues relating to tax management and managing their personal finances effectively, taxpayer must be aware as well as knowledgeable about basic concepts of personal taxation. The objective of this paper is to estimate the levels of tax awareness among male and female salaried employees and tax awareness among salaried individuals of public sector and private sector. It also explores the relationships between select demographic variables and other variables with respect to awareness of tax.

Keywords

Taxation; Tax awareness; Personal taxation; Public sector; Private sector.

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