Published Paper Details:

Investment is the sacrifice of certain present value for the uncertain future reward. Investments are always interesting, challenging and rewarding. Investment involves selection of the right kind of instruments / schemes with an aim of maximizing returns. The decision regarding the type of instrument/investment depends upon the risk taking capabilities of individuals. As the risk taking capability vary from person to person according to their risk taking nature, age, family and other responsibilities and obligations, availability of surplus funds for investment etc, the choice of investment avenues will vary from individual to individual. Tax Planning is an essential part of financial planning. Efficient tax planning enables us to reduce tax liability to the minimum. This is done by legitimately taking advantages of all tax exemptions, deductions rebates and allowances while ensuring that the investments are in line with their long term goals. The purpose of this paper is to find out the awareness of tax saving schemes and to identify the preference of tax saving schemes among women faculty of Degree Colleges of Hyderabad.