PROJECT REPORT ON

A STUDY ON INDIVIDUAL SALARIED EMPLOYEE TAXATION WITH

REFERENCE TO AMARESHA AND ASSOCIATES AUDITORS & TAX
CONSULTANTS

SUBMITTED IN PARTIAL FUFILLMENT OF THE REQUIREMENTS OF BACHELOR OF

BUSINESS ADMINISTRATION DEGREE COURSE OF BENGALURU CITY
UNIVERSITY

BY

MR. ROHIT.H.R

(REG NO.196EC26051)

UNDER THE GUIDANCE OF

VALLIAMMAI

Assistant Professor

Department of Management

BANGLORE INSTITUTE OF MANAGEMENT STUDIES

#35, Mysore Road, Bangalore-560059.

2021-22

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 CERTIFICATE OF THE COLLEGE

Certified that the dissertation titled “A Study on Individual Salaried Employee with Reference to
Amaresha and Associates” is based on an original project study conducted by Mr. Rohit H.R
bearing register No: 196EC26051 under the guidance of Valliammai. He has attended the
required guidance sessions held. This project report has not formed a basis for the award of any
Degree/Diploma of any University or Institution.

Prof.

Dept. of Management

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 CERTIFICATE BY THE GUIDE

Certified that the dissertation “A Study on Individual Salaried Employee with Reference to
Amaresha And Associates” is based on an original project study conducted by MR. Rohit H.R ,
bearing register No: 196EC26051 under my guidance. He has attended the required guidance
sessions held. This project report has not formed a basis for the award of any Degree/Diploma of
any University or Institution

Date:

Place: Bangalore

SIGNATURE OF THE GUIDE.

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4
 DECLARATION BY THE STUDENT

This is to certify that the project titled “A Study on Individual Salaried Employee with Reference
to Amaresha And Associates” is carried out independently by me under the guidance of Prof.
Valliammi this work is an original one and has not been submitted earlier to any other university
or any other Institution for the fulfillment of the requirement of a course of study.

ROHIT .H.R
Reg No: 196EC26051
VI SEM BBA

Place: Bangalore

Date:

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 ACKNOWLEDGEMENTS

I would like to express a special thank towards my Principal Dr. K.M. NAGENDRA and the
coordinators of Dept. of management who gave me this golden opportunity to do my project
which allowed me to learn a plethora of new things and also were a continuous support
throughout the project.

I would like to express my sincere thanks to prepare this project. Prof VALLIAMMAI for the
valuable guidance in this endeavour. They have been a constant source of inspiration and I
sincerely thank them for their suggestions and help to prepare this report. I express my deep
sense of gratitude to my external guide, of “Finally, it is my foremost duty to thank all my
respondents, who helped me to complete my field work without which this project would not
have been possible.

Also I would like to thank my company guide from AMARESHA AND ASSOCIATES Mr.
BALAJI THIMMAPPA (AUDIT MANAGER) for guiding me to do this project work giving
his valuable time and provided me opportunities where I could grow and explore new horizons.
This project or any endeavour in my life would have been impossible to achieve without your
support.

Lastly I would like to thank my friends who supported me throughout the project and kept me
motivated and driven towards the goal.

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 LIST OF CONTENTS

CHAPTER NO. PARTICULARS PAGE NO.

1 INTRODUCTION

2 RESEARCH DESIGN

3 COMPANY PROFILE

4 DATA ANALYSIS AND

INTERPRETATION

5 SUMMARY OF FINDINGS AND

CONCLUSION

6 SUGGESTIONS

APPENDICES & ANNEXURE

BIBLIOGRAPHY

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 LIST OF TABLES
Table No. TITLE Page No.

1. Table Showing the Gender of Respondents 36

2. Table Showing the Age group of Respondents 38

3. Table Showing On the basis of Sector wise classification 40

4. Table Showing On the Basis of Income level 42

5. Table Showing On the basis of Income tax exemption limit 44

6. Table Showing Employer’s awareness about different tax 46

concession/exemption/rebate availed of

7. Table Showing the Source of income tax information 48

8. Table Showing the Savings of the employees 50

9. Table Showing the Methods of savings 52

10. Table Showing Tax planning measures of CBDT 54

11. Table Showing Services rendered by professional financial 56

adviser

12. Table Showing Time of formulating plan 58

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 13. Table Showing Income tax awareness from tax consultants 60

14. Table Showing Awareness about income tax slab 62

15. Table Showing Awareness about deductions under section 64

80 c to 80 U

16. Table Showing Reasons why tax payers pay taxes 66

17. Table Showing Reasons why tax payers are not willing to 68
pay tax

18. Table Showing Awareness of tax returns filling due 72

date

19. Table Showing Under which heads of income your income 74

becomes taxable

20. Table Showing Awareness of basic concepts 78

(assessment year, previous year, income tax, assesse, tax
liability etc.)

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Chart N TITLE Page No.

1. Chart Showing the Gender of Respondents 37

2. Chart Showing the Age group of Respondents 39

3. Chart Showing On the basis of Sector wise classification 41

4. Chart Showing On the Basis of Income level 43

5. Chart Showing On the basis of Income tax exemption limit 45

6. Chart Showing Employer’s awareness about different tax 47

concession/exemption/rebate availed of

7. Chart Showing the Source of income tax information 49

8. Chart Showing the Savings of the employees 51

9. Chart Showing the Methods of savings 53

10. Chart Showing Tax planning measures of CBDT 55

11. Chart Showing Services rendered by professional financial 57

adviser

12. Chart Showing Time of formulating plan 59

13. Chart Showing Income tax awareness from tax consultants 61

14. Chart Showing Awareness about income tax slab 63

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15. Chart Showing Awareness about deductions under section 80 c 65
to 80 U

16. Chart Showing Reasons why tax payers pay taxes 67

17. Chart Showing Reasons why tax payers are not willing to pay 70
tax

18. Chart Showing Awareness of tax returns filling due date 73

19. Chart Showing Under which heads of income your income 76

becomes taxable

20. Chart Showing Awareness of basic concepts (assessment 79

year, previous year, income tax, assesse, tax liability etc.)

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