CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

ROADMAP OF PROJECT

PROJECT GUIDE DETAILS

CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

1) What all par culars are to be added in project work:

2) Font Size & Spacing details for the descrip on in project work &
Black Book details:
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

Centre for Online Learning, Sant Tukaram Nagar, Pimpri,

Pune.
MBA Project Report Format
All students should strictly follow the guidelines while preparing
project reports.
Sr. Specification Details
No.
1 Number of copies of project 1
report
2 Soft copy of project PDF 01
3 Binding Black color hard binding
4 Embossing Golden color
5 Page size A4
6 Page color White
7 Type of Page Bond paper 1 copy
8 Left Margin 1.5 inch
9 Another margin (Top, 1 inch
Bottom, Right)
10 Heading font Times new Roman
11 Heading font size 14, bold, uppercase
12 Subheading font Times new Roman
13 Subheading font size 12, bold, uppercase
14 Text body font Times new Roman
15 Text body font size 12, normal, lowercase
16 Header As suitable
17 Footer Page number at center
18 Total no. of pages Approx. 70 to 100
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STARTING 5 PAGES MANDATORY & IS COMMON FOR ALL.

NOTE: THIS 5 PAGES SHOULD COME BEFORE THE INDEX OF YOUR PROJECT. I

HAVE TAKEN A SAMPLE FROM REAL PROJECT & PASTED HERE. YOU ALL CAN

USE THIS IN YOUR PROJECT WORK & EDIT THE TOPIC NAME & OTHER DETAILS

ACCORDINGLY.

IMPORTANT NOTE:

There is no compulsion of any internship for the students, students who are working

professionals can select their own topics related to your specialization & do your project

work. If your organization is providing you with certificate for your project work, you

all can attach it in project as Screenshot in 3RD PAGE. However, if you are unable to get

any certificate you can attach the below given description mentioning yourself as

“SELF DESK RESEARCHER “

& then proceed further for your submission of project to your respective guide.
CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

PROJECT REPORT

ON

“FINANCIAL PLANNING FOR SALARIED EMPLOYEES &

STRATEGIES FOR TAX SAVING”

SUBMITTED

To

CENTRE FOR ONLINE LEARNING

Dr. D.Y. PATIL VIDYAPEETH, PUNE

IN PARTIAL FULFILMENT OF DEGREEOF

MASTER OF BUSINESS ADMINISTRATION

BY

DISHA PATELBHAI

PRN: 220502****

BATCH 2022-2024
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

Dr. D.Y. Patil Vidyapeeth’s

CENTRE FOR ONLINE LEARNING,
Sant Tukaram Nagar, Pune.

CERTIFICATE

This is to certify that Ms. Disha Patelbhai

PRN – 220502****

has completed her self-desk research work starting from 6th April 2024 to 23rd July 2024.

Her project work was a part of the MBA FINANCIAL MANAGEMENT (ONLINE
LEARNING) for the Batch 2022-24. The project is on “Financial planning for salaried

employees & strategies for tax saving”

_________________

Prof. Yogesh Jain

Course Coordinator

Date – 23-07-2024
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

SELF -DESK RESEARCH

To whomsoever it may concern

This is to certify that Ms. Disha Patelbhai

PRN – 220502****

has completed her self-desk research work starting from 6th April 2024 to 23rd July 2024.

Her project work was a part of the MBA FINANCIAL MANAGEMENT (ONLINE
LEARNING) for the Batch 2022-24. The project is on “Financial planning for salaried

employees & strategies for tax saving”

_________________

Ms. Disha Patelbhai

Self-Desk Researcher

Date – 23-07-2024
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DECLARATION BY LEARNER

This is to declare that I have carried out this project work myself in part fulfilment of the M.B.A
Program of Centre for Online Learning of Dr. D.Y. Patil Vidyapeeth’s, Pune – 411018. The
work is original, has not been copied from anywhere else, and has not been submitted to any
other University / Institute for an award of any degree / diploma.

Date: - 30-07-2024 Signature: -

Place: Vadodara (Gujarat) Name: Disha Patelbhai

 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

ACKNOWLEDGEMENT

I would like to express my sincere gratitude to all those who have contributed to the successful
completion of this MBA project.

I would like to specially thank my college DPU, Centre for online learning, for this wonderful
opportunity.

I would like to thank Krutish Navnath my mentor, for providing me with the necessary
resources and a conducive environment to carry out this research.

A special thanks to my colleagues and friends, who have provided me with continuous support
and encouragement. Their camaraderie and willingness to help have made this journey much
more enjoyable and manageable.

Thank you all for your contributions and support.

Disha Patelbhai
Sign:
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NOTE: NOW COMES THE MOST IMPORTANT PART OF OUR PROJECT WORK THAT

IS INDEX. PLEASE REFER BELOW THE SAMPLE INDEX/TABLE OF CONTENT OF

DISHA FOR YOUR REFERENCE.

IMPORTANT NOTE:

Always remember to start your page numbering from where you have started your

executive summary details. Remember there SHOULD NOT BE ANY PAGE

NUMBERS mentioned from 1ST PAGE TILL INDEX PAGE.

For example: If Disha started her explanation of project with Executive Summary that

page should be numbered as PAGE NO.1.

This is little complicated in Word document, so I have given a YouTube Link below so

that you all can refer & follow the steps for page numbering from EXECUTIVE

SUMMARY.

https://youtu.be/nqDH3IiuTVs?feature=shared
CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

TABLE OF CONTENT

Sr. No. Chapters Page No.

1 Executive Summary 1

2 CHAPTER 1: Introduction of Project 9-12

3 CHAPTER 2: Scope & Objectives of Project 13-14

4 CHAPTER 3: Research Methodology & Types of 15

Data Collection

5 CHAPTER 4: Literature Review 16-18

6 CHAPTER 5: Data Analysis 19-67

7 CHAPTER 6: Findings, Suggestions & 68-71

Conclusion

8 CHAPTER 7: Bibliography 72

9 CHAPTER 8: Questionnaires 73-75

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NOTE: NOW YOU ALL CAN START YOUR PROJECT WORK AS PER THE INDEX IN

ORDER.PLEASE KEEP THE ORDER CORRECTLY AS MENTIONED BY YOU IN

INDEX & ALSO ENSURE THAT PROPER FORMATTING IS USED AS PER DPU

GUIDELINES. ALWAYS ENTER THE PAGE NUMBERS OF YOUR PROJECT

CHAPTERWISE IN THE END.

IMPORTANT NOTE:

Starting with the EXECUTIVE SUMMARY, it is the overall small explanation of your

project work including your brief idea about the topic. Try to keep crisp & to the point

details in this section. Note that only 1 Page is required for executive summary as it

should be short & precise explanation.

Also note, the below sample is as following all guidelines required by DPU: (SPACING

ALWAYS KEEP 1.5 ONLY)

1) Heading: Use Times New Roman: Font Size: 14

2) Sub-heading (if any): Use Times New Roman: Font Size: 12

3) For description always use Times New Roman & Font Size: 12 & better to use

POINTS FORMAT for easy understanding.

4) You can also use PICTURES IN PROJECT WORK & also note for primary data

collected you have to SHOW PIE CHARTS & BAR GRAPHS IN DATA

ANALYSIS & GIVE INTERPRETATION ON IT.

5) Once all this is done, we have to prepare PPT for 7-10 slides for VIVA Purpose.
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

EXECUTIVE SUMMARY

Financial planning is crucial for salaried employees to achieve financial stability and long-term
wealth accumulation. Proper financial planning includes budgeting, saving, investing, and tax
planning. Salaried employees often have limited knowledge about tax-saving instruments and
financial planning, which can lead to inefficient financial management and higher tax
liabilities.

The primary objective of this project is to provide a comprehensive guide on financial planning
and tax-saving strategies tailored specifically for salaried employees. The aim is to enhance
financial literacy, optimize tax liability, and promote effective wealth management among
salaried individuals.

This project covers personal financial planning involving Budgeting and expense management,
Emergency fund creation, Retirement planning, Investment strategies, Insurance planning.

Tax Planning Strategies:

 Understanding the income tax structure.

 Deductions under Section 80C, 80D, 80E, and other relevant sections.
 Tax-saving investments: PPF, ELSS, NSC, etc.
 Utilization of home loan benefits.
 Tax planning for salaried employees with different income levels.

This project will help us understand the various aspects of financial planning & taxation models
in detail which will be of greater help for all the people out here.
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

CHAPTER – 1

INTRODUCTION TO PROJECT

Project Overview:

Financial planning and taxation are crucial elements in the economic lives of individuals,
particularly salaried employees. Financial planning involves strategizing and managing
financial resources to achieve specific goals, such as savings, investments, retirement, and
wealth accumulation.

Taxation, on the other hand, is a system through which governments finance their expenditure
by imposing charges on citizens and corporate entities. Understanding the interplay between
financial planning and taxation is essential for maximizing financial efficiency and achieving
long-term financial goals.

Tax planning is an integral part of financial planning. It involves analysing one’s financial
situation from a tax efficiency perspective to minimize tax liability. Effective tax planning can
lead to significant savings and increased disposable income.

IMAGE: TYPES OF FINANCIAL PLANNING

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CHAPTER – 4

LITERATURE REVIEW

Bitto Benny (2018): "A Study on Tax Awareness and Planning Measures Adopted in Pakkiri,
Bangalore" Indian economy is a developing mixed economy. It is the world's sixth largest
economy by nominal GDP and the third largest by purchasing power parity. White-collar
workers form a stable class of taxpayers who pay about 12 percent of income tax revenue
into, state coffers. Tax planning has become particularly important for salaried taxpayers due
to increasing inflationary pressures, rising prices and their and strict tax liability.

Blessed A. and Varghese (2019): "A Study on Tax Planning Measures Accepted by Salaried
Employees in Special Chinanu Municipality, Alappuzha District" Indian economy is a
developing mixed economy. It is the world's sixth largest economy.) by nominal GDP and the
third largest by purchasing power parity.

Dr. Sebastian. Joseph (2017): “Comprehensive Survey of Working Women for Tax
Awareness of Savings Schemes in Allahabad” Government has to play an important role in
the overall development of society and country. Taxes are the most important source of
finance through which the government collects revenue to cover public expenditure.
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CHAPTER – 5

DATA ANALYSIS

Hypothesis:

Null Hypothesis(H0): There is no significant difference between Income Earnings and

Monthly salary savings.

Alternative Hypothesis(H1): There is a significant difference between Income Earnings and

Monthly salary savings.

Research Design:

Type of research design: Descriptive research.

Research equipment: Questionnaire.

Sampling technique: non-probability technique convenience sampling method.

Sample size: 200 samples

Sample design: Data has been presented with the help of bar graphs & pie-charts. Excel is used.
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1) GENDER:

Description:

Table indicates that 54.0% respondents are female and 46.0% respondents are male. There for
majority is female 108 people are responded the questionnaire respectively.
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2) AGE:

Description:

Table indicates that 68.5% of respondent are majority of 19-53 age group,15.5% of respondent
is 36-45 age group, 13.0% of respondent are 46-55 age group and 2.0% of respondent are below
18 age group and over 55 age group people are 1.0% of respondent. There for the majority of
respondent are 19-35 age group people are responded the questionnaire and least is above 55
age group people.
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CONCLUSION:

The project deals with financial planning and tax saving strategies of white-collar workers in
Gujarat. financial planning and tax savings are based on information provided by employees.
Financial planning not only eases the tax burden, but also provides spiritual satisfaction.
Which introduces the literature and discusses the proposed conceptual framework for the
study.

The purpose of this research is defined, the current situation of white-collar financial
planning and tax saving was discussed, and financial planning and tax saving proposals were
evaluated. The survey design and data collection methods are explained.

The survey states that an employee wants to know his tax obligations from the right
perspective and about the financial planning resources available to him so that he can get the
best. use your income reducing the amount of taxes. So financial planning is not difficult at
all and can be done with a little knowledge and application.
 CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

CHAPTER 7– BIBLIOGRAPHY

[1]. Bharathraj Shetty, M. Muthu Gopalakrishnan "An Analysis of Investor Attitudes Towards
Various Tax Saving Schemes " International Research Journal of Business and Management
(IRJBM), Vol.1, 2013. Pp. ne: 11-29.

[2]. K. Saravanan, Dr. K. Muthu Lakshmi "Tax Saving Scheme and Means of Saving Income
Tax in India" IJSRD - International Journal for Scientific Research and Development, Vol 5,
n-or 07, 2017. S. n-or: 755-759.

[3]. M. Kumaraswamy, Divakar Velya M "Tax Planning - Analysis of Housing Loans"

Journal of Emerging Technologies and Innovative Research (JETIR), Vol.7, No.6, 2020. Pg.
No.: 1685-1688.

[4]. Myron S. Scholes, G. Peter Wilson, Mark A. Woolfson "Tax Planning, Regulatory
Capital Planning and Financing Reporting Strategy for Commercial Banks" The Review of
Financial Studies, Vol.3, No., 1990, p. ne: 625-650.

www.google.com

www.chatgpt.com

www.scribd.com

www.researchgate.com
CREATED BY ARJUN IYER FOR REFERENCE PURPOSE ONLY

CHAPTER – 8

QUESTIONNAIRES

1) Age: ___________________

2) Gender: ________________

3) Income: ________________

4) Salary Savings: ___________________

5) Repayment of Loan: ________________

6) Tax Planning at the beginning of the year?

7) Would you expect your taxable income in 2025 to be higher or lower than it is
today?

8) Do you have an emergency fund (i.e., savings of at least six months after-tax
income?

9) Under which heads of income, your income becomes taxable?

10) Are you satisfied with your current tax planning strategies?
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11) Do you fully utilize Income Tax benefits, e.g., Deductions from salary/income,
etc.?

12) Are you aware of the deductions exempted under chapter VIA (i.e., section
80c, 80ccc, 80ccd, 80d, 80e, 80g)?

13) If yes then what is the exemption you apply for?

14) The type of investment plan does the future employee prefer or not?

15) Whose advice does the employee take while investing?

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THANK YOU

NOTE: VIVA IS COMPULSARY & IT WILL BE

IN ONLINE MODE BY OUR PROJECT
GUIDE FOR 5-10 MINUTES BASED ON
YOUR TOPIC – WILL BE TAKEN AFTER OUR
EXAMS.

DON’T WORRY ABOUT BLACK BOOK PRINTING I KNOW ONE SHOP NEAR OUR DPU
WHO WILL ASSIST TO PRINT THE BOOK & SUBMIT ON OUR BEHALF TO MENTOR IN
REASONABLE RATE. JUST TRY TO FINISH THE PROJECT AT THE EARLIEST.