A White Paper on Analysis of Tax Saving Investment Patterns Among Taxpayers
WHITE PAPER Analysis of Tax-Saving Investment Patterns Among Taxpayers Executive Summary Tax-saving investment decisions are crucial for effective financial planning and long-term wealth accumulation. This white paper explores the investment behavior of taxpayers in India with regard to various tax-saving instruments, evaluating their preferences, awareness levels, and influencing factors. Drawing on primary research, the study provides insights and actionable recommendations for policymakers and financial advisors. 1. Introduction In India, income tax laws under Chapter VI-A of the Income Tax Act, 1961, provide multiple avenues for individuals to reduce taxable income. Despite their significance, these provisions are often underutilized due to a lack of awareness or financial literacy. This paper aims to analyze the patterns and preferences of taxpayers in utilizing these tax-saving investments. 2. Objectives of the Study · ...