Tax Literacy And Investment Preference Among Young Working People With Reference To Coimbatore City
Abstract
The study explores the impact of tax literacy on investment preferences among young working individuals in Coimbatore city. Tax literacy encompasses an understanding of tax-related concepts, regulations, and their effects on personal finances. The research investigates the relationship between tax literacy and investment choices, with a specific focus on tax-saving avenues. A mixed-method approach was used, incorporating both primary and secondary data, with respondents surveyed using structured questionnaires. Key findings show a significant relationship between age, gender, and factors influencing tax-saving behavior. The study concludes that individuals with higher tax literacy make more informed investment decisions, optimizing their after-tax returns. The results highlight the need for increased tax literacy education to enhance financial well-being and guide individuals in making more strategic investment choices.
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