An effective tax strategy is crucial for managing finances well. Tax planning helps individuals reduce their tax burden by following legal methods to take advantage of exemptions and deductions. In Pune, many people are becoming more aware of tax planning as their income increases. The goal of the study was to analyze how well individuals understand tax planning and what strategies they use. The study found that knowing about different tax planning options is important for reducing tax liability and following income tax rules. By arranging their finances smartly within the law, individuals can benefit from deductions, reliefs, and rebates provided by the government to support the economy and society.