Tax Planning strategies and Investment Schemes for Individual

The growth of the country depends on the saving and investment of an individuals. The individual has to plan their investment which should be benefited in their all future aspects. If the people started to plan their saving and investment in such a way, it will be helpful for their personal as well as the nation building. In reality, people never find time to analyse their investments and they failed to plan their fruitful savings plan. Especially the middle class people may find difficulty in saving their hard earned money and may struggle in choosing better investment plans. The investment plans should be selected with intention to earn more return as well as to reduce the tax. In order to earn more and reduce the tax, the tax planning is very essential. Tax planning means choosing tax saving investments for minimizing the tax. The individual tax payers have to make the tax planning which help them to reduce the tax liabilities and also it should provide tax exemption, tax rebates and benefits. Tax planning is most significant for the middle class salaried people. Hence, this study has been made an attempt to give clear awareness on various tax saving investment schemes.