Abstract: This study aims to assess individual assesses Tax planning Awareness and management, examining its relationship with demographic factors. It focuses on the significance of professional guidance in tax return filing and planning. Data was collected from 100 individual taxpayers in Hyderabad through a structured Google Docs questionnaire. Understanding tax rules is vital for efficient tax planning in India, where personal income tax significantly affects earnings. Taxpayers with income above a specified threshold are required to pay taxes, necessitating comprehensive knowledge of tax regulations. Effective tax planning involves staying informed about annual tax laws and strategically investing in tax-saving instruments to maximize benefits without evading taxes. The research explores how tax awareness and planning influence wealth creation through investments sanctioned by tax laws. By utilizing these investment avenues, taxpayers can reduce their tax burden and accumulate wealth over time. The study aims to show how tax awareness and planning help individuals build a robust investment portfolio, enhancing their financial stability. Tax planning is an essential aspect of financial planning, allowing individuals to minimize tax liabilities by leveraging exemptions, deductions, rebates, and allowances while ensuring investments align with long-term objectives. The study identifies the most popular tax-saving instruments and the extent of savings they provide. Findings reveal that Life Insurance policies are the most widely used tax-saving instrument, followed by Provident Funds.

Keywords: Tax Awareness, Tax Planning, Tax Saving investment, Hyderabad city, Income tax, Financial planning, wealth creation

Downloads: | DOI: 10.17148/IARJSET.2026.13166