# Taxmann's Financial Literacy book by Amit Kumar Singh

_Financial Literacy_ is a comprehensive textbook designed to equip undergraduate students with the fundamental concepts and skills to make informed financial decisions. It aligns with the National Education Policy (NEP) framework, ensuring readers gain theoretical knowledge and practical exposure to financial scenarios. The book addresses various facets of financial literacy—including financial planning, investment planning, tax planning, protection against financial frauds, banking products and services, etc. It emphasises the crucial role financial knowledge plays in an individual's life, whether it's budgeting, securing loans, investing wisely, or understanding taxation in India.

This book is intended for the following audience:

-   **_Undergraduate Students_** – Primarily tailored for value-added courses under NEP in institutions like the University of Delhi but relevant to undergraduates across all disciplines
-   **_Early Professionals & Young Adults_** – Anyone stepping into their professional journey and needing to handle savings, credit, or investments
-   **_Educators & Trainers_** – Instructors implementing the NEP or teaching financial literacy will find it a valuable, structured resource
-   **_General Readers_** – Individuals keen to gain clarity on personal finance, tax planning, and safe banking practices

The Present Publication is the 3rd Edition, authored by Prof. (Dr) Amit Kumar Singh, with the following noteworthy features:

-   \[**Learning Outcomes at the Start of Each Chapter**\] Each chapter begins by outlining the specific skills and insights students are expected to gain. This approach gives readers a roadmap for focused learning
-   \[**Simple****—****Lucid Text**\] Complex financial concepts are broken down into easy-to-understand language, helping readers from diverse academic backgrounds grasp the material
-   \[**Solved Numerical Problems**\] Examples and solved illustrations demonstrate the practical application of financial theories, boosting conceptual clarity
-   \[**Review Questions**\] Concluding each chapter, these targeted questions allow readers to self-assess their grasp of the concepts covered
-   \[**Practical Exercises**\] Hypothetical yet realistic scenarios encourage hands-on application, helping readers build confidence in managing their finances
-   \[**Case Studies & Examples**\] The content is supplemented with relatable examples, ensuring students can connect theory with practices
-   \[**Supportive Annexures & Question Papers**\] The book also includes past question papers and references for quick revision and exam preparation
-   \[**Academic & Professional Insight**\] The author's extensive teaching and research background in finance lends both academic rigour and industry perspective to the text
-   \[**Emphasis on Financial Security**\] The text repeatedly underscores the significance of financial discipline and security—protecting oneself against fraud, planning for contingencies, and building a stable financial future

The book spans fifteen chapters, organised into four central units, each addressing a crucial aspect of financial literacy:

-   **_Unit I | Financial Planning and Financial Products_**
    -   _Introduction to Financial Literacy_ – Explains key terminologies (_like assets, credit, interest, Rule of 72_) and the importance of being financially literate
    -   _Saving & Spending Management_ – Covers the distinction between needs and wants, effective budgeting, and maintaining financial discipline
    -   _Financial Goals & Planning_ – Discusses setting SMART financial objectives (_Specific, Measurable, Achievable, Relevant, Time-bound_) and the benefits of holistic planning
    -   _Time Value of Money_ – Explains core concepts of compounding and discounting, showing how money's value changes over time
-   **_Unit II | Banking and Digital Payment_**
    -   _Banking Products & Services_ – Outlines various deposit and loan products, retail banking vs. corporate banking, and day-to-day banking essentials
    -   _Digitisation of Financial Transactions_ – Explores the impact of digital payment initiatives (_credit/debit cards, net banking, UPI, digital wallets_) and the technology's implications
    -   _Protection against Banking & Financial Frauds_ – Educates readers about Ponzi schemes, phishing, and other scams, along with practical tips to stay secure in the digital age
-   **_Unit III | Investment Planning & Management_**
    -   _Investment Concepts & Alternatives_ – Clarifies differences between investment and speculation, the idea of risk-return trade-offs, and strategies for building investment portfolios
    -   _Mutual Funds_ – Dives into types of mutual fund schemes, cost structures, NAV calculations, SIPs, and tax implications
    -   _Life & General Insurance (including Health Insurance)_ – Explains the importance of insurance for financial security, types of policies, claim processes, and government-sponsored health schemes
-   **_Unit IV | Tax Planning_**
    -   _Personal Tax Planning & Management_ – Differentiates between tax planning, tax avoidance, and tax evasion
    -   _Taxation in India_ – Offers insight into India's tax structure, both direct (_Income Tax_) and indirect (_GST_), and discusses old vs new income-tax regimes
    -   _Deductions, Exemptions & E-Filing_ – Details the various provisions (_Sections 80C to 80U_), allowances, and the process of filing Income-tax returns electronically
-   Each unit is designed to build upon the previous one, ensuring a **progressive learning experience** that starts with foundational knowledge and culminates in advanced financial decision-making techniques

The structure of the book is as follows:

-   **_Four Thematic Units_** – The textbook is neatly broken down into four key units—Financial Planning, Banking & Digital Payments, Investment Planning, and Taxation—each focusing on specific competencies in financial literacy
-   **_Chapter Flow_**
    -   Introductory Concepts and Learning Outcomes
    -   Body with Clear Headings/Subheadings
    -   Illustrations & Solved Examples
    -   Review Questions
    -   Practical Exercises
-   **_Practical/Hands-on Approach_** – Each unit includes projects or activities (_like surveys, mock investments, and e-filing practice_) that bridge theory with practical financial tasks

## Details

- **Price:** 336.0 INR
- **Vendor:** Taxmann
- **Tags:** Professional Books

## Variants

| Variant | Price | Available |
|---------|-------|-----------|
| Default Title | 336.00 INR | In stock |

## Images

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> Updated: 2026-10-24