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

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

Dr. Uma Maheswari1 Mr. B. Sathish Kumar2

Assistant Professor, School of Management Studies, Sathyabama Institute of Science and Technology

School of Management Studies, Sathyabama Institute of Science and Technology

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.

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