• Vatasal Tandon

For salaried individuals, financial planning savings starts and ends with tax saving investments. Saving tax is always good but there are lots of other ways through which a salaried individual can enjoy an absolutely successful and stress free financial life. If you are the main wage earner in your family, what would happen if one day the income is congested? This can happen due to a job loss, or an accident due to which you have to stop working for a while and during that time you will incur medical expenses, or an ill-fated event in which you pass away. Your family has to be protected from the financial repercussions of any of these events. Job loss can never be avoided. But what we can do is continuously upgrade our skills. The more qualified and also the more experienced we are, the easier it will be for us to take your pick of the job offers you will receive. On the other hand we can have an insurance against the other factors. If we suffer an accident, we can protect ourself against total loss of income if we have a Personal Accident policy. A Personal Accident policy is one which provides us with weekly income in case of an accidental injury resulting in total disablement or death. Different policies offer different compensation amounts and each policy should be read cautiously before any one is selected. This, in conjunction with enough health insurance, will help foot most of the medical bills during our period of recovery. Thus we won't totally lose our income, and also we won't have to spend too much on medical treatment, as we will be insured at both points.

Financial Planning, Tax Saving, Salaried Employee, PPF, ULIP, HRA, Insurance.

"Financial Planning for Salaried Employees and Strategies for Tax Savings ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 10, page no.f747-f759, October-2024, Available :http://www.jetir.org/papers/JETIR2410582.pdf

"Financial Planning for Salaried Employees and Strategies for Tax Savings ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 10, page no. ppf747-f759, October-2024, Available at : http://www.jetir.org/papers/JETIR2410582.pdf