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The Impact of Financial Planning on Tax Saving Strategies for Salaried Employees at LMS Hyundai Private Limited

Year: 2025

Type: article

Abstract: ABSTRACT This article investigates how effective financial planning contributes to tax-saving strategies for salaried employees at LMS Hyundai Private Limited. In a corporate landscape shaped by evolving tax regulations and increasing financial complexity, this study explores how employees manage their income, investments, and tax obligations. Utilizing both qualitative interviews and quantitative analysis, the study assesses the financial behaviour, literacy levels, and planning strategies of employees. The results suggest that enhanced financial awareness and tailored tax planning significantly improve employees’ financial well-being and disposable income. The research emphasizes the role of employer-supported financial education in fostering a culture of tax efficiency and long-term stability.

Source: INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT

DOI: 10.55041/ijsrem46030

Author: Dr. Uma Maheswari

Institution: Sathyabama Institute of Science and Technology

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: bronze

OpenAlex ID: W4409802451

FWCI:

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