Awareness of Tax Saving Schemes among Salaried Employees

The study attempted to know the awareness and perception regarding various tax saving options available to save tax for salaried class employees. The study also attempted to know which tax saving investment options are generally used to save tax. chi-square test was applied to know association between level of awareness and Educational qualifications, gender, age and occupation. The study based on 126 respondents and various findings were found in relation to awareness, preferences, perceptions about Tax saving schemes. Most of the salaried employees were of the opinion that the tax rate should be reduced and basic exemption limit should be increased.