• ALPHIN BABY

A financial charge or other levy imposed upon a tax payer (individual or legal entity) is termed as Tax, collected by a state or the functional equivalent of the same, such that failure to pay, or evasion of or resistance to collection of tax, is punishable by law. Tax consist of direct or indirect taxed and as a norm are paid in money. Tax literacy is a specialized branch of financial literacy. Tax literacy may be defined as the knowledge which an individual should possess in order to manage the issues concerning personal taxation effectively. It is the ability of an individual to understand the concepts of personal taxation and to apply these concepts for calculating tax liability and filing of tax returns independently. In order to have effective tax planning, a person should be tax-literate so as to minimize his/her tax liability through the best use of all beneficial provisions in the tax laws by claiming allowances, deductions, exclusions, exemptions, etc. A tax- literate person will make investments wisely in such a way that he /she can avail the maximum deduction allowed by Income Tax laws. The study attempts to examine the tax literacy of salaried individuals with special reference to Pathanamthitta District. For this study 138 respondents were selected from Pathanamthitta District. The study reveals that overall tax literacy level of salaried individuals is low.

Tax literacy, Socio-Demographic factors

"A Study on the Tax Literacy of Salaried Individuals with Special Reference to Pathanamthitta District", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.934-944, June-2019, Available :http://www.jetir.org/papers/JETIR1907S50.pdf

"A Study on the Tax Literacy of Salaried Individuals with Special Reference to Pathanamthitta District", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp934-944, June-2019, Available at : http://www.jetir.org/papers/JETIR1907S50.pdf