A STUDY ON TAX PLANNING MEASURES ADOPTED BY SALARIED INDIVIDUALS IN FINANCIAL ASSETS.

Abstract

Salaried people invest for future benefits and allocate their savings in various aspects of investment avenues. Salaried individuals often believe that they do not need any financial planning as their incomes and expenses are regular. The paper studies investment decisions in financial assets of salaried individuals in the public and private sector in the State of Goa. Goa with a population of around 1.5 million is the smallest state in India by area and located on the west coast of India about 600 kilometers from Mumbai. It has the highest GDP per capita among all Indian states. It has high literacy rate and ranks in best quality of life in India. Goa’s economic backbone is Tourism along with small and medium scale manufacturing and mining of minerals.