• Manish Kumar
• Dr. Narender Tanwar

Abstract In India, disparity in income due to the occupation persuade by the individual led to different tax saving instruments coming into existence. Occupations having high inflow of money fall into high tax bracket and require hybrid and modern tax saving instruments. The current study attempts to understand whether there is any significant association between the occupation and income level of the individuals in Delhi and their level of awareness of various tax saving instruments like bank deposits, mutual funds, ELSS, provident fund etc. Further, the research also attempts to find association between occupation, income level of the individuals and which tax saving instruments they select. The primary data is collected through a structured questionnaire, and is analyzed using software SPSS and Ms. Excel and statistical tools like Chi- square, Karl Pearson’s Correlation Coefficient, Cronbach’s Alpha. The study has ranked different tax saving instruments in terms of awareness and selection.

Tax Planning, Occupation, Income level, Tax saving instruments, Chi square

"Impact of Income and Occupation on Selection of Tax Saving Instruments", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.1052-1065, May-2019, Available :http://www.jetir.org/papers/JETIR1905S57.pdf

"Impact of Income and Occupation on Selection of Tax Saving Instruments", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp1052-1065, May-2019, Available at : http://www.jetir.org/papers/JETIR1905S57.pdf