Vol 8 , Issue 2 , July - December 2021 | Pages: 46-60 | Research Paper
Published Online: December 15, 2021
Author Details
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Tax planning allows investors to reduce their tax liability on investment profits. To take advantage of tax planning, the assessees must be aware of the various provisions of tax saving plans that are available under the statute. The purpose of this research is to examine the level of awareness on tax planning of individual taxpayers in the state of Kerala. It also aims to determine if the age of the respondents has any major impact on this level of awareness towards tax planning. This research study was carried out by gathering data from various individual taxpayers in the state of Kerala utilizing a well-structured questionnaire. The main findings of the study are that the majority of individual taxpayers are aware of various tax planning measures available under the statute. The findings also confirm that there is a statistically significant difference in awareness of tax planning among the various age categories.
Keywords
Tax planning; Tax awareness; Individual assessees; Age.